IRS Refund Not Received Yet?
Tax Return Filed Refund Not received Yet? How can you check the Refund Status? When a 1040 US tax return is filed and expecting a refund, the refund processing time is generally up to 3week to 3 months. For the Non-US Citizen Foreign person with 1040NR tax filers,...
FIRPTA Withholding Tax On Sale Of USA Property – Common FAQ’s
What is FIRPTA? When any foreign person sells is USA-based property, they are subject to the FIRPTA TAX withholding as per the (Foreign Investment in Real Property Tax Act) at the rate of 10% or 15% of the Gross Proceeds by the US Escrow/Selling agent. For example:...
US LLC Taxes – For foreigners and US Citizens/Resident Owners
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...
