Basswood Counsel is a boutique law firm providing hands-on, strategic corporate, mergers and acquisitions, tax, and transactional counsel—designed to navigate complexity with ease. Founded to prioritize meaningful client relationships over formalities, we collaborate with bold leaders across industries, tailoring our advice to support your unique goals and growth.
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Learn what may change when a U.S. business establishes operations in Spain.
A U.S. company cannot assume that the legal, tax, and employment practices it follows at home will translate directly to Spain. In this episode, Basswood Counsel’s Chris Klug speaks with Meritxell Mont, a tax and corporate lawyer at Capital Auditors and Consultants, about the questions businesses should consider before establishing Spanish operations.
News and Insights
IRS Automatic Penalty Relief
The IRS is introducing a new automatic process that will provide penalty relief to eligible taxpayers without requiring a separate
FBAR vs. FATCA: Understanding the Key Similarities and Differences
FBAR and U.S. FATCA are often discussed together, but they are separate reporting regimes with distinct filing requirements, thresholds, and
Understanding U.S. Taxation of Multistate and Foreign Corporations
As businesses increasingly operate across borders and state lines, understanding where tax obligations arise has become more complex than ever.
IRS Refund Delivery Changes for 2026: Guidance for U.S.‑Based and International Taxpayers
The IRS will phase out most paper refund checks for U.S.-based taxpayers starting September 30, 2025, mandating electronic direct deposits.