Sep 25, 2017 | Firm Updates, International Tax
U.S. citizens and resident aliens use Form 1040 (or a shorter variation of this form) to report their worldwide income for tax purposes. Nonresident aliens, however, use Form 1040NR to report U.S. source income and calculate any taxes due to the United States. There...
Sep 11, 2017 | Firm Updates, International Tax
In the previous posts of this series we discussed what an Individual Taxpayer Identification Number (ITIN) is and how to obtain one. Today we will discuss the new ITIN expiration rules and how to renew your ITIN if it expires. ITINs that have not been included on a...
Aug 28, 2017 | Firm Updates, International Tax
In the previous post we discussed what an Individual Taxpayer Identification Number (ITIN) is and what it is used for. In this post we’ll discuss the process of applying for an ITIN. To obtain an ITIN you must file Form W-7: Application for IRS Individual...
Aug 21, 2017 | Firm Updates, International Tax
Individual Taxpayer Identification Numbers (ITINs) are tax processing numbers issued by the IRS. They are available for taxpayers who need an identifying number but are not eligible to obtain a Social Security Number. Whether they are required to be provided to third...
May 15, 2017 | Firm Updates, International Tax
We recently discussed two situations where US tax withholding was required for transactions between a US business and foreign persons. The first was a situation where investors in an LLC were nonresident aliens. The second dealt with interest being paid to a foreign...
