Delayed Income Tax Returns: What Can Happen and When the IRS Must Pay Interest

Is your income tax return still pending? The IRS may have to pay you interest Every year, when the income tax campaign ends, many people find themselves in the same situation: they filed their tax return with a refund, time has passed and the Treasury has still not paid them the money. What many people do not know is that, when the Administration delays more than allowed, the taxpayer may be entitled to charge interest in addition to the…

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Billetes de 100 euros, monedas y calculadora para hacer la declaración de la renta

Myths and Realities about the Spanish Income Tax Return: Separating Truth from Deception

The Spanish income tax return is surrounded by a number of myths and misunderstandings that can confuse taxpayers and lead them to make the wrong financial decisions. In this article, we will challenge some of the most common myths and separate the truth from the hoax. One of the most widespread myths is that all self-employed individuals must pay additional taxes on their income. While it is true that the self-employed are subject to a specific tax regime, not…

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Persona rellena el formulario

Understanding Your Income Tax Return Results: Why Pay or Refund?

It is common for taxpayers to be surprised to find out if they are due to pay additional taxes or if they will receive a refund on their tax return. In this article, we will analyze the reasons behind these divergent results and give you practical tips to influence the outcome of your return. One of the most important factors that determine whether you will pay or receive a refund is the level of tax withholding you had during…

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Get ready for the 2023 tax return season with M&C Abogados

It's time to start preparing for the 2023 INCOME tax season, and at Martínez Caballero Abogados we are here to make the process as easy and stress-free as possible for you. We know that the 2023 income tax return can be a complicated and overwhelming process, but with our experience and knowledge, we can help you navigate all the tax complexities and make sure you get the most out of your tax deductions and benefits. Reasons to consider trusting us:…

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