Kader Ameen | ITINCAA

Partnerships or LLC or S Corps or C Corps – Do you need an ITIN being a member of this entity?

by Kader Ameen | Nov 2, 2020 | ITIN

What are FTEs or Flow-Through Entities? Flow-through entities (FTEs) are legal entities where income “flows through” to investors or owners. The income of the entity gets treated as if it were the basic income of the investors or owners. Flow-through...

US LLC Taxes – For foreigners and US Citizens/Resident Owners

by Kader Ameen | Oct 17, 2020 | Tax

A US-based LLC can have great tax advantages, especially for foreign entrepreneurs abroad. Even for US taxpayers(i.e US Citizens, US Residents, and Greencard holders), LLC taxes can be favorable. An LLC is treated as a pass-through tax entity. What this means is that...

ITIN For US Mortgage Interest Form 1098 Reporting

by Kader Ameen | Oct 5, 2020 | ITIN

[Exception 3 – Third Party Reporting of Mortgage Interest] Under the Internal Revenue laws, most recipients (lenders) of home mortgage interest report the amount of interest they receive from the borrower to both the IRS and the borrower. This reporting is usually...

ITIN Application Process

by Kader Ameen | Sep 25, 2020 | ITIN

We help people around the world apply for U.S. tax ID/ITIN numbers! Are you a person that needs to apply for an Individual Tax Identification Number, known as an ITIN? ITINCAA. has Certified Acceptance Agents CAA on staff to review your identification documents for...

Non-US Citizen (Foreign Nationals investors) With US Income Subject to Withholding Do Not Ignore Form 1042-S

by Kader Ameen | Sep 3, 2020 | Tax

1042-S – What Is It and Who Needs to Complete It? This form has to be completed by the US-based Withholding Agent – (i.e. bank or broker/Financial Institution that pays passive income and must withhold tax on the disbursals, but the overall scope is...

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Partnerships or LLC or S Corps or C Corps – Do you need an ITIN being a member of this entity?

US LLC Taxes – For foreigners and US Citizens/Resident Owners

ITIN For US Mortgage Interest Form 1098 Reporting

ITIN Application Process

Non-US Citizen (Foreign Nationals investors) With US Income Subject to Withholding Do Not Ignore Form 1042-S

Recent Posts

Which Tax ID Do You Need?

EIN is a BUSINESS Tax ID used to start a business and open a business bank account. You need an EIN if you’re starting a business

ITIN is a PERSONAL Tax ID used to file taxes and open a personal bank account for those who do not have and are not eligible to get an SSN

US PERSONAL TAX are imposed by the federal, most state, and many local governments. The income taxes are determined by applying a tax rate, which may increase as income increases, to taxable income.