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 US tax professional Read more about What are my tax duties as a non-resident-alien and LLC owner[…]
Non-US individuals often want to know the fastest and easiest way to obtain an EIN or ITIN. I find a lot of misunderstanding about the two numbers. First you need to understand that EIN and ITIN are similar numbers that serve different purposes and have different requirements. EIN-Employer Identification Number. An employer identification number (EIN) Read more about EIN or ITIN[…]
There are a few specifics you need to consider as you read the following answer for non-resident investors paying US tax. Dividends will generally be considered FDAP Income (Fixed, Determinable, Annual Periodic), taxed at a fixed rate for a non-resident. Effectively Connected Income (ECI) will be taxed differently than straight income from investments. Assuming you are just an Read more about How are US taxes calculated dividends and gains for a non-resident investor[…]
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 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[…]