Compliance for US Entity Owned by Foreign Persons
FBAR and FATCA – Foreign Financial Account
Compilation, Reviewed/Audited Financial Statement
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1. Electing to be treated as a C corporation If a newly formed business (e.g. a single-member LLC) wants to elect to be treated as a C corporation, the Form 8832 needs to be filed within 75 days of its […]
Why Delaware and Wyoming are so popular for forming a U.S. LLC as a non-resident? What is so special about these two states? U.S. Resident vs Non-U.S. Resident If you live in the U.S. or if you have a physical […]
The 1099 form is used to report miscellaneous income to the Internal Revenue Service, such as non-employee compensation, rents, royalties, prizes and awards, payments to an attorney, certain medical and health care payments, and more. The IRS has introduced a […]