by Kader Ameen | Mar 15, 2021 | tax returns
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,...
by Kader Ameen | Jan 16, 2021 | FIRPTA
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:...
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...
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...
by Kader Ameen | Aug 3, 2020
Wales Certified Acceptance Agent We are IRS Certified Acceptance Agents with offices based United Kingdom, Singapore, United Arab Emirates, India serving people around the world. We can arrange to come to meet you in your city (subject to travel costs) or if you are...
