How Foreign Entities Can Get an Employer Identification Number (EIN) in the United States?
Whether you’re a foreign company planning your U.S. entry or already operating here, one of the first questions you’ll face is — Do we need an Employer Identification Number (EIN)?
Understanding Permanent Establishment Risks in the United States
Establishing a Permanent Establishment (PE) carries a high risk for foreign businesses with significant operations or a physical presence in the United States. The concept of PE plays an important role when figuring out a
Understanding Refundable Tax Credits
A Refundable tax credit refers to a tax credit that is refunded to the taxpayer, irrespective of their tax liability.
If a refundable tax credit reduces the taxpayer’s liability below zero, the IRS may issue a payment to the taxpayer on behalf of the federal government.
When are CFCs’ Earnings Taxed in the U.S.?
Usually, the undistributed earnings of the CFC’s are subject to U.S. taxation. Such earnings are usually referred to as Subpart F Income. Subpart F Income rules require that certain income earned
Tax Strategy for Foreign Corporations with U.S. LLCs.
Understanding the nuances of the U.S. tax system is critical for foreign corporations that own U.S. LLCs. This helps them to improve their tax efficiency and minimize their U.S tax obligations.
Understanding Effectively Connected Income (ECI) and Its Importance for Foreign Investors
Are you a foreigner doing business in the United States? Navigating the U.S. system may be tricky. If you’re generating effectively connected income (ECI)
Etiquette For A Successful Tax Audit
Every taxpayer dreads the words ‘IRS audit’. As a taxpayer, you file your tax returns on time, but fear the possibility of being audited. We hear stories of people being audited and how stressful it can be.
What Are The Chances Of Getting Audited?
The possibility of the IRS examining your tax returns generally depends on income level and filing type. The more complex your tax returns, the higher the chances of facing an audit. The more basic the tax return, the lower the chance of scrutiny.
What is a Tax Audit?
To better or more fully understand about tax audits, one should first understand the meaning of an “Audit”. An Audit is a an official review or examination of your accounts or books by an independent body.
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.