Internet Sales & Tax
The Internet has been a productive environment for many entrepreneurs. Naturally, this raises the question of whether how to tax the businesses operating on the Internet. Some U.S. states have already enacted relevant legislation to regulate the sales occurred online; however, Delaware is yet to be one of such states. Further, there are no specific tax laws in Delaware for electronic...
Corporate Income Tax
State Corporate Income Tax is one of the central taxes collected from the business by the State of Delaware. In principle, every domestic or foreign corporation doing business in Delaware, saving certain exemptions under the law, is liable to file a tax return irrespective of the amount of income earned. Taxpayers are required to register corporate income tax returns, including...
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 Delaware, then you are held responsible for this tax to be paid. As for pickups and...
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...
US Non-Resident Tax Return 2019
Tax season ends in the second week of April. If you have a Delaware LLC, Corp or Non-Profit Organization, you have to file a tax return correctly. At Delaware Agency we help more than a thousand Non-Residens file their taxes honestly. 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...