ITIN application for Income from Scholarship Fellowship and Grants (Non-SEVP Approved Educational Institution) – (Claiming Tax Treaty Benefits)
Persons who are eligible to claim needs to obtain valid ITIN (US Tax ID): A) Individuals claiming the benefits of a tax treaty who are either exempt from or subject to a reduced rate of tax on their income from scholarships, fellowships, or grants (i.e. foreign...
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...
