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 […]
What You Need to Know About Filing Past-Due FBAR Forms
Taxes are one of the certainties of life – but the laws surrounding FBAR forms and foreign bank accounts are in flux right now. In fact, they’re under review by the Supreme Court. That’s thanks to the case of Bittner v. United States, in which a dual Romanian – U.S. citizen was found to violate FBAR […]