Are you aware of all the tax and pension issues that Spaniards face when working or doing business in the US? The California-Spain Chamber of Commerce has organized a highly informative event where we will review the ways to optimize taxes and pensions between the US and Spain.

SPEAKERS:

Keith E. Pershall:
Attourney & Counselor at LAW

• Domestic and international income tax planning and business transactions
• Domestic and international estate and gift tax planning
• Tax controversy matters before the Internal Revenue Service, the California Franchise Tax Board and State Board of Equalization
• Acting as an expert witness/consultant on tax and international matters

His clients include individuals, business entities, trusts and tax-exempt organizations both from the United States and abroad.

An Overview of U.S. Tax Issues for Spaniards Working in the U.S.

The presentation will provide an overview of U.S. and California state income, estate and gift tax issues applicable to Spaniards working in the U.S. It will cover the critical distinction between residents and nonresidents for tax purposes, special tax provisions under the U.S. Internal Revenue Code and the 1991 Income Tax Treaty between Spain and the U.S., account and asset reporting rules, and planning opportunities.

Elisa Carolina de Santos:
Counselor for Employment and Social Security, Spain Embassy in Washington DC

As a Counselor for Employment and Social Security, one of her functions is to support more than 80 Spanish centers and associations in the U.S. and Puerto Rico. One of her projects in this area is to promote networking between Spaniards in the US through a portal for the exchange of experience and knowledge in different cultural, intellectual and economic activities, so that the Spanish human capital in the US becomes an important asset for Spain.

The presentation will overview the bilateral Agreement on Social Security (Pensions) between Spain and the US, and the medical assistance in Spain for temporary relocation.

Andrew Fisher:
President and Chief Investment Officer at Maxim Global Wealth Advisors 

Andrew leads the investment team at Maxim and is a senior client advisor. Having been involved in international finance and investing for nearly 20 years. Andrew has a broad base of expertise with which to advise our cross border clients.

Understanding 401(k)’s for Spanish Workers in the U.S.

Cross border professionals in the U.S. tend to have complicated affairs, and quite often they have nowhere to go for answers. 401(k)’s are a valuable benefit, and generally make up an important element of a global retirement plan, yet understanding what happens to it once you move abroad is a challenge. In this presentation, we’ll answer some of the key question about 401(k)s for Spanish employees and provide a forum for questions and answers. Key questions to be addressed include:

• When I leave the U.S., should I withdraw my 401(k) balance or leave it where it is?
• If I leave it behind then give up my residency, do I have to file a U.S. tax return?
• How will it be taxed when I eventually start taking money out?
• Should I be investing differently than my coworkers?
• How does the 401(k) fit in with my foreign pensions?

Special thanks to our sponsor:

Maxim Global Wealth Advisors is a premier investment manager to international families in the United States and abroad. We provide investment solutions and financial planning advice with a truly global perspective. Through our International Lifestyle Portfolios, we help cross border professionals align their 401(k) and other US-based assets for a global retirement.