IRS

What are my tax duties as a non-resident-alien and LLC owner?

My answer to What are my tax duties as a non-resident alien and LLC owner? Answer by Wray Rives CPA CGMA: First off I need to give you a disclaimer that taxation of non-residents by the US is a complex topic.  I am going to give you general answers, but you really should contact a Read more about What are my tax duties as a non-resident-alien and LLC owner?[…]

What is the best state to incorporate in for a foreign startup?

What is the best state to incorporate in for a foreign startup? Answer by Wray Rives: There are so many variables, all I can do is give you some general ideas about foreign nonresident owners of US entities and what states make “tax sense” for the non-resident owners. First I assume you that you want Read more about What is the best state to incorporate in for a foreign startup?[…]

Private Delivery Services 2015

Many US non-resident taxpayers and taxpayers living overaseas who are required to mail tax returns to the IRS will use private delivery services or PDF’s.  The IRS has updated its list of designated PDF’s.  Timely delivery of a tax return includes delivery of your return to one of the following PDF’s by the delivery or postmark date Read more about Private Delivery Services 2015[…]

Transfer pricing of tangible goods between controlled businesses

The Internal Revenue Service has adopted specific regulations to govern how related businesses should determine pricing and allocate profits among related businesses.  This is of particular interest to US businesses that are controlled by non-US taxpayers either directly or through related non-US businesses and which sell goods sourced by the non-US taxpayers into the US Read more about Transfer pricing of tangible goods between controlled businesses[…]

US Taxation of Nonresident Alien Income

US taxation of nonresident alien income can be a complicated topic.  The source of income is one of the primary factors that determines if a nonresident alien owes US tax on income from US sources.  The following table will summarize the sourcing rules for income that may or may not be subject to US Federal Read more about US Taxation of Nonresident Alien Income[…]