FBAR: How to Report Money in Foreign Bank Accounts
Are you aware that if you keep even a modest amount of money in foreign bank accounts, you could be suspected by the U.S. government of money laundering? But don’t panic. We’ll help you keep your business affairs legal. In this article, we’ll introduce you to the laws and regulations you need to know, such […]
The FIRPTA Withholding Process Explained: A Step-by-Step Guide
Did you know that in 2020, foreign buyers purchased over $54 billion worth of residential property in the US? Navigating the complex world of real estate transactions can be challenging, especially when dealing with properties owned by foreign sellers. One essential aspect to understand is the FIRPTA withholding process. FIRPTA ensures that foreign sellers pay […]
What Is a Single Member LLC?
Perhaps you’re thinking about starting a business. Are you wondering, “What is a single member LLC, and is it right for me?” If so, you’ve come to just the right article. We’ve outlined your beginner’s guide to this kind of organization. By the end, you’ll know exactly whether this business structure is ideal for you. There […]
Understanding FATCA Filing Requirement
The Foreign Account Tax Compliance Act, or FATCA, might seem complicated. This guide on FATCA filing requirement will help you understand.
How to Form a Foreign Owned LLC
Are you a foreign business owner looking to expand into the US market? With over 21 million LLCs in the United States, it’s clear that citizens and foreigners alike love this business structure and the flexibility it provides. In short, setting up a foreign-owned LLC can be an effective and straightforward way to take advantage […]