Tax Issues Affecting Foreign Nationals
Form 1040NR, Form 1120 and Form 5472: A US Tax Guide for Nonresident Aliens with a Single-Member LLC
Tax Reporting for Nonresident Alien LLC Members A limited liability company (LLC) is a popular choice of entity for conducting business or holding rental real estate in the United States. It is a business structure you can form in any one of the fifty states. An LLC is designed to protect the personal assets of…
Read MoreNonresident Aliens and Social Security
General Social Security Tax Rules Most people who earn wages in the United States are required to contribute to the Social Security and Medicare programs through payroll contributions. Contributions are required regardless of a worker’s residency status. A total contribution of 15.3% of gross wages is required for each worker, half of which is contributed…
Read MoreElectronic Filing for Form 1040NR, Finally!
IRS Brings Nonresident Returns to the Modern Age Over the last 30 years the IRS has transformed the tax return filing process from one that relied entirely on paper forms to a system that is primarily paperless. Paper tax forms are no longer available at the local post office, and the large crowds of frantic…
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