Tax Guide 101
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 have a company, but you engaged in a trade or business in the United States during the...
Non-US Resident Taxation
Non-US Resident Taxation
The obligation to pay taxes in the U.S. is not exclusive to the U.S. citizens. If you fulfill certain criteria, you, as a non-U.S. citizen, might be well liable to pay taxes and to file tax returns. Depending on your residency status or how much time you spend in the U.S., you should ensure whether you must fulfill these obligations.
If you are a;
–...
Non-Resident Alien Taxation
Non-Resident Alien
Taxation
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 again worth noting that...
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 conditions.
First,
depending on certain...
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 again worth noting that particularities, such as...
What Happens If I Do Not Pay My Franchise Tax?
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, you have to file what’s called a franchise tax, or an annual report from the previous...
How to get an ITIN
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 tax identification number. There are two kinds of tax identification numbers in the US. The...