If you own a U.S based business, have U.S. source income, or have a rental income, you might need to get ITIN to make tax filing, get your refund, and open a U.S. bank account. As for the identification of persons, there are two different sets of identification numbers in the U.S. The first one […]
How and When Should I apply for ITIN? (Updated) ? Read More »
If you are an ambitious entrepeneur and wish to expand your business to the United States, it is just the time! Forming a company in the U.S. might be a great opportunity as it is one of the largest markets the world. However, forming a company is only one of the first steps in this endavaour.
When should I apply for EIN? Read More »
Social Security Number, known also as SSN, is a nine-digit government-issued number for U.S. citizens and permanent residents (exceptions apply). The number is issued to an individual by a federal agency, the Social Security Administration. Originally, SSN was created to track individuals for social security reasons. However, over time, it has basically become the national
What is SSN? Can I get one? Read More »
If you are a citizen of the countries that have signed tax treaties with the United States and also meet other requirements, you may be exempt from US income tax for certain personal services perfomed in the US, provided that if you are in the US for a limited period of time. In the above-mentione
U.S. Tax Treaties with Bangladesh & Pakistan: Personal Services Income Read More »
If you have a Delaware LLC, Corp or Non-Profit Organization, you have to file a tax return correctly and on time. We know that US Non-Resident Tax return can be little complicated if you have no idea how to file 1040NR, 1120, 5472 and other IRS forms. You have to file even if you do not
E-1 (Treaty Trader) and E-2 (Treaty Investor) visas are somewhat the most popular for those who is interested in conducting business in the U.S. We will try to set out the main features for these visa types in this article. First of all, the E-1 ‘treaty trader’ visa and the E-2 ‘treaty investor’ visa are
Overview on E Visa Classification Read More »
When it comes to businesses, it is safe to say that the US can be considered as one of the most significant markets in the world. Therefore, it is quite popular for entrepreneurs and investors to invest. Its lively markets and business environment have been growing day by day, thereby making the US a great
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Generally, all types of businesses without looking at their size and the number of employees must get an EIN. Therefore, you are required to have an EIN if you have a company in the US, but in some cases, you may not need to have one at all. EIN is used by the IRS –
Q&A: Is there a scenario where I do not need EIN? Read More »
SSN: A Social Security Number or SSN is the most common identifier for personal identification and tax purposes. To be precise, it is used to track individuals for social security reasons and also can be used as a national identification number for tax purposes. SSN is also used for opening a bank account, for applying
I am not sure whether do I need SSN, EIN or ITIN? What should I do? Read More »
For non-U.S. resident business owners who run a business in the U.S., taxation might pose a major question. Since taxation is one of many indicators whether the investment in the U.S. is worthwhile, it is essential to understand how the U.S. taxation system approaches non-resident aliens. In the U.S., citizens are not the only ones
How do I get taxed as a non-US resident? Read More »
Following the incorporation of a company, one of the first things to do is probably to obtain a federal tax ID from the Internal Revenue Services (IRS). This federal tax ID for your company, known also as EIN (Employer Identification Number). EIN is a unique, nine-digit number that is assigned to every operating business in
Do I really need an EIN for Tax reductions? Read More »
First of all, as an individual, you might not need to file a federal income tax return if your income is below a certain amount. However, you need to file a tax return to claim a refundable tax credit or a refund for withheld income tax. You can visit IRS website and find out if
Do I need to file a tax return? Read More »
There are two types of tax identification numbers in the United States for individuals. The first is the Social Security Number which can be obtained only if the person is a US citizen, has a Green Card or has a visa that provides him/her with a temporary residency in the US. The other number is
Q&A: Can I be exempt from applying for ITIN? Read More »
Forming an LLC in the State of Delaware is almost as easy as starting an account on social media. Sure, you do have to go through some procedures; but it is quite simple to do. The first step is to choose a company name that must be unique. Then, this name is to be registered
How to Incorporate an LLC in Delaware? Read More »
You should not have any U.S. federal tax obligation for just transferring money through the LLC’s bank account as long as you are the owner of all the accounts involved. However, you will have to pay DE franchise tax(approx. $300 annually) to keep the LLC active.
As an owner of a Delaware LLC, do I have to pay taxes to U.S.? Read More »
The most considerable benefit of an EB-5 Visa is getting a Green Card. Even though every person has his/her own reason to desire of getting a Green Card, here are some of the privileges U.S. Green Card owners have: The Investor has the ability to bring other family members to the U.S. after proper application
What are the benefits of the EB-5 investment visa? Read More »
It depends on many factors such as what you are selling, where and to whom you are selling. The taxes you are obligated to pay are mainly based on your business type. At a minimum, you will have to pay Delaware Franchise Tax which is approximately $300 annually. Contact us via e-mail at [email protected] or
How is taxation in Delaware works for a foreign LLC owner? Read More »
We kindly would like to remind you that due to COVID-19, the EIN procedure takes 1 – 6 weeks and the ITIN procedure takes 6 – 14 weeks roughly. It is delayed because of the IRS. Thank you for your understanding on the matter. Please do not hesitate to contact us if you have any questions.
Recent Update for EIN and ITIN Processing ETA Read More »
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