


What is Schedule K-1 and More information on Royalties? ITIN for 8805 and Royalty Income
What is a K-1? Owners of an pass-through entity (refer our blog about pass through entity definitions) are required to file annual returns reporting the shares of income that are allocated to owners, and to provide the individual owners with a statement of allocated...
Partnerships or LLC or S Corps or C Corps – Do you need an ITIN being a member of this entity?
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...
ITIN For US Mortgage Interest Form 1098 Reporting
[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...