Gross Receipts Tax

Gross Receipts Tax is a tax imposed on businesses on their total gross revenues, irrespective of their source. This tax is levied on the seller of goods or services, instead of the consumer. As a result, business owners are the ones liable to pay this tax, not the customers. If you engage in business in […]

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Franchise Taxes

Apart from other federal and State level taxes, any company incorporated in Delaware are liable to file an Annual Franchise Tax Report and pay Franchise Tax annually for being incorporated within the State. This also includes companies incorporated in Delaware but not conducting business in Delaware as well. As for the exempt companies, even though

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Business Licenses

Persons and entities who substantially engage in trade or business in Delaware -including the ones located in Delaware but conducting business outside of Delaware- are required to obtain a business license from the Delaware Division of Revenue, and such permit must be present at the time business commences. To determine whether you are required such

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FORM 5472

FORM 5472 If your U.S. corporation is owned significantly by non-U.S. persons and also involves with foreign related parties, you would want to miss file Form 5472. Although not an actual tax return, Form 5472 is an informational form to be submitted to the Internal Revenue Service (“IRS”) annually for the U.S. companies with foregoing

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Form 1040NR

Form 1040NR For non-U.S. resident business owners and partners who in fact run a business in the U.S., taxation might raise as 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. It is

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