Appendices
Appendices
United States Tax Laws – A Perspective for Foreign Companies and Individuals Doing Business or Living in the United States
Appendices
Flowchart for determining residency status
Copies of forms 1001, 1040, 1040NR, 1042, 1042S, 5471, 5472, 8300 and TD F 90-22.1
Appendix 2
Forms
1001- Ownership, Exemption, or Reduced Rate Certificate
1040 US Individual Income Tax Return
1040 NR- US Nonresident Alien Income Tax Return
1042 S-Annual Withholding Tax Return for US Source Income of Foreign Persons
1042-Annual Withholding Tax Return for US Source Income of Foreign Persons
5471-Information Return of US Persons With Respect to Certain Foreign corporations
5472-Information Return of a 25% Foreign Owned US Corporation or a Foreign Corporation Engaged in a US Trade or Business
8300-Report of Cash Payments Over $10,000 Received in a Trade or Business
TDF 90-22.1 Report of Foreign Bank and Financial Accounts
Commonly Overlooked Tax Deductions
Commonly Overlooked Tax Deductions As the tax filing deadline approaches, taxpayers are always looking for legitimate tax deductions they may have overlooked. For example, did you know you can deduct the money your business spent to purchase office supplies during the year? As long as these expenses were for items that are ordinary and necessary…
Tax Benefits of Owning a Home
Tax Benefits of Owning a Home Deducting mortgage interest In most cases, you can fully deduct your mortgage interest secured by your primary or secondary home. Beginning in 1987, mortgage interest to buy, build, or improve your home (acquisition debt) up to $1,000,000 or home equity loans up to $100,000 became tax deductible. Points (also known…
Popular Tax Credits for First-Time Homebuyers, Students and Those With Childcare
Popular Tax Credits for First-Time Homebuyers, Students and Those With Childcare By Victor Omelczenko 1/26/2009 Whether you’re looking to lower your tax bill or increase your refund, these IRS tips can help your bottom line. Tax credits can help pay the cost of raising a family, going to college, saving for retirement or getting day…
Profit From Your Children
Profit From Your Children Profit from your children? Making maximum use of your dependents can help slash your taxes significantly. “Dependents” generally mean your kids, but many of these gambits also work with low-income parents you might be assisting financially — even if they aren’t your dependents. Here are a few to consider. Hire your…