All Blog Posts for nonresident

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  Taxes and Amazon. All that international FBA sellers must know!

  • By America's International Tax Experts
  • nonresident, corporations, small business, tax advice

  The Fulfillment-By-Amazon turned out to be a striking opportunity for nonresident individuals and companies. So what it takes to transform your small business into an Amazon extravaganza? A great place to find answers is the Fulfilled-By-Amazon information page. It comes with a bunch of useful information, such as a start-up guide, labeling and packaging instructions, fees, terms, case studies, and more. Still, the information about your U.S. tax obligations is obscure. This article aims to provide clear guidance on the key elements that nonresident individuals and non-US businesses must consider before conquering the U.S. market through an FBA agreement.

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  25jul
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  Fraud & Tax Numbers. The IRS revokes ITINs not used on a return.

  • By America's International Tax Experts
  • resident, nonresident, tax compliance, ITIN

  The Individual Taxpayer Identification Number (ITIN) is a nine-digit number that is used to identify certain individual taxpayers within the tax system. The ITIN is assigned directly by the IRS to eligible nonresident and resident taxpayers who do not have and do not qualify for a Social Security Number. The first ITIN was issued back in 1996 when the IRS replaced the temporary Internal Revenue Service Number (IRSN) with the ITIN as a mean to address accurate identification of international taxpayers with tax return filing or reporting requirements. Until recently, the number was personal and valid for life. Well, not anymore!

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  31aug
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  Form 5472 Now Required for a Foreign-Owned U.S. LLC

  • By America's International Tax Experts
  • income tax, nonresident, tax compliance

  On December 13, 2016, final regulations were issued under Sections 6038A and 7701. The new rules treat a U.S. disregarded entity, wholly owned by a foreign person, as a “U.S. corporation” solely for the report on Form 5472 “Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.”

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  08jan
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  The Individual Tax Reform Provisions of the Tax Cuts and Jobs Act of 2017

  • By Hristo Ivanov, CPA, EA, ADIT
  • resident, nonresident, tax tips

  On December 22nd, 2017, The President signed the Tax Cuts and Jobs Act of 2017 (Pub. Law 115-97). The long-awaited attempt to reform the broken tax code is a fact. Though not exactly “far bigger than anyone imagines", the tax code changes affect us all. This article highlights all individual tax reform provisions, with an emphasis on U.S. expats and international taxpayers.

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  02jan