Do I need to file an FBAR to declare my foreign bank accounts?
These days it has become common for businesses and individuals operating in the international sphere to keep funds available in a foreign bank to make their cross-border operations easier.
A Comprehensive Guide to the Substantial Presence Test
Do you often travel to the U.S. for work or other reasons? If so, it’s crucial to know your U.S. tax residency status. For non-U.S. citizens, your residency status significantly influences your tax obligations.
Does your business need a private letter ruling from the IRS?
Tax planning is crucial for the growth of any business. Unfortunately, there are situations where a business would like to engage in a transaction and the IRS has issued no guidance as to how that transaction should be treated for tax purposes.
Foreign Investment in Real Property Tax Act (FIRPTA) Withholding
The Foreign Investment in Real Property Tax Act (FIRPTA) is a federal law that requires foreign persons to pay taxes on their gains and income from U.S. real estate investments.
Double Tax Avoidance Agreements Between USA and Other Countries
As governments around the world struggle to balance their national budgets, many countries are turning to Double Tax Avoidance Agreements (DTAAs) in order to minimize taxes and ensure equitable collection of revenue between two different nations.
How to Obtain Your FIRPTA Refund Sooner?
If you are a foreign property owner planning to sell your real estate in the U.S., you should be aware that you may be subject to U.S. taxes on the capital gains from the sale.
Understanding the Role of an ITIN for Foreign Nationals: A Comprehensive Guide
Navigating the U.S. tax system as a foreign national can feel like a daunting task. Whether you’re a resident or a non-resident alien in the U.S., understanding the Individual Taxpayer Identification Number (ITIN)
Navigating Sales and Use Tax in the U.S.
The sales tax system in the U.S. is anything but simple. The United States does not have a nationwide Sales tax; each state sets its own sales tax rules. Out of the 50 states in the U.S., 45 levy sales tax.
What is a U.S. Real Property Holding Corporation?
It is not uncommon for a foreigner to invest in real property in the United States. When a foreigner acquires U.S. real estate, they obtain what are known as U.S. real property interests (USRPIs). Typically, if a foreign individual