Starting a Delaware company is an attractive proposition for many entrepreneurs due to the state’s business-friendly laws and tax structures. However, for non-U.S. residents, understanding the U.S. tax system and the importance of the Individual Taxpayer Identification Number (ITIN) is paramount. This detailed guide aims to demystify the process of obtaining an ITIN for your […]
How to Get an ITIN for Your Delaware Company Read More »
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 »
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 »
In Delaware, Corporations are required to file an Annual Report and pay the Franchise Tax that is due on or before March 1 each year. If the Annual Report and taxes are not filed and paid by March 1 the following year, the corporation will be declared inoperative and void. In the next calendar year,
What Happens If I Do Not Pay My Franchise Tax? Read More »
What is an ITIN (or Individual Tax ID Number)? Every company has a tax identification number in the US, just as any other state in the world. It is primarily used for official recognition of the company. Just as a company does, everyone who has tax liabilities to the US Government must have a
How to get an ITIN Read More »
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