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 […]
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 […]
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 […]
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 […]
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, […]
Key Points About Filing Taxes for Amazon Sellers Are you Non-US Resident and doing business with Amazon? Or, Do you do dropshipping? Are you wondering if you need to report your earnings from Amazon to the IRS? Here you might find answers to some of your questions. The 1099-K Form With this form, you provide […]
What is a Franchise Tax? Franchise Tax is merely the cost of having a business in Delaware. It is a necessary tax for the companies established in Delaware. It has nothing to do with the actions or the income of your business; it is only required to keep your business operating. When to pay? It […]
Each business established in the U.S. must file annual Tax Return with the IRS. Regarding the needs and demand of our clients, we prepared an “IRS Form 1040 Filing Guide”. Our guide only costs $50. Please feel free to contact us to get our “IRS Form-1040 Filing Guide”. – You can choose one of our […]