“IMMIGRATION LAW CONNECTION”

It is well-known that the United States is one of the few countries in the world that taxes its citizens and residents on their worldwide income and assets irrespective of their physical presence or the actual source of income and assets.  Due to this taxation of persons who no longer live in the United States, and [...]

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According to a recent piece by “News USA”, 78 million baby boomers are nearing retirement, at which point they will leave the workforce to receive massive amounts of Social Security Administration (SSA) benefits. In a time of major economic downturn, the unlikely “saving grace” is the immigrant population, which pays into the Social Security [...]

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The following provides a basic overview for owners or stakeholders of U.S. businesses, in terms of tax filing obligations and how compensation is to be declared. This information is in no way a substitute for the advice and counsel of a Certified Public Accountant (CPA).
Sole Proprietorship (unincorporated):
Owner reports business income on Schedule C [...]

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Foreign tax credits allow U.S. taxpayers (incl. foreigners subject to U.S. taxes) to avoid or reduce double taxation. You may choose to take a deduction for foreign taxes paid instead of choosing a credit. In most cases, it is to your advantage to take foreign income taxes as a tax credit.
You can claim a credit [...]

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If you are a U.S. citizen or resident alien living or traveling outside the United States, you generally are required to file income tax returns, estate tax returns, and gift tax returns and pay estimated tax in the same way as those residing in the United States.
Your income, filing status, and age generally determine [...]

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United States citizens and resident aliens are taxed on their worldwide income, whether the person lives inside or outside of the United States. However, qualifying U.S. citizens and resident aliens who live and work abroad may be able to exclude from their income all or part of their foreign salary or wages, or amounts received [...]

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Most types of U.S. source income paid to a foreign person are subject to a withholding tax of 30%, although a reduced rate or exemption may apply if stipulated in the applicable tax treaty.
In general, a person that makes a payment of U.S. source income to a foreign person must withhold the proper amount of [...]

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For tax purposes, an alien is an individual who is not a U.S. citizen.
Aliens are classified as nonresident aliens and resident aliens. This publication will help you determine your status and give you information you will need to file your U.S. tax return. Resident aliens generally are taxed on their worldwide income, the same [...]

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USCIS and the State Department, as part of their adjudcations process, are examining financial records of U.S. businesses under control or ownership of foreign citizens. While this in itself is nothing new, the thoroughness and level of scrutiny with which these records are examined is unprecedented.
I cannot encourage any past, present and future client of [...]

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Did you remember to file your U.S. business taxes? They are due on October 15 at midnight.

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