Nontaxable Types of Interest Income for Nonresident Alien Individuals
Are you a nonresident alien individual with interest income? Learn about the nontaxable types of interest income that may be available to you.
Are you a nonresident alien individual with interest income? Learn about the nontaxable types of interest income that may be available to you.
Learn more about obtaining an ITIN, US tax id or EIN number. This post explains how to get a Tax Identification Number (TIN) when you’re looking for help with your taxation filing needs.
Form W-7 is used to apply for a USTAXID or often referred to as ITIN [Individual Tax Identification Number], This application process is required for non-citizens who aren’t eligible to receive a Social Security number but need to file a federal tax return with the IRS for income from US sources. A common scenario includes a foreign person with a United States based income filing a 1040Nonresident Federal Tax Return or US citizen/resident alien with a foreign spouse filing a joint 1040 tax return with a Married filing Jointly status.
This article will cover the basics of obtaining and using an Individual Tax Identification Number (ITIN) for your spouse if you are a U.S. citizen or resident alien, but your spouse is not. It also covers some common questions
What is an ITIN and how can you apply for one? Individual Tax Identification Number or ITIN is an USTAX ID starting with digit 9 [ For example: 97X-XX-XXXX]. This is similar to your local country tax id for example the tax ID in United Kingdom is National Insurance Number. You can apply for US …
Individual Taxpayer Identification Number (ITIN) for Foreign Nationals Read More »
Social Security Number Every individual who is employed in the U.S must have a Social Security Number (SSN) or apply for one. SSN is a nine digit (xxx-xx-xxxx) number issued by the Social Security Administration (SSA). Every employer who sets up payroll and pays individual wages must request the employee’s SSN and report the employee’s …
Form W7 Mailing address from Outside of U.S.A International ITIN applicants International or ITIN applicants outside of the U.S.A can apply for an ITIN by mail, in person at an IRS office, or through an acceptance agent (risk-free of not losing your passport and all documents check done by agents). Mail Mail Form W-7, your …
Form 8288 (U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests) or Form 8288B (Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests) What is FIRPTA? FIRPTA stands for Foreign Investment in Real Property Tax Act and it is the Federal law governing the taxation & …
FIRPTA For Non-Resident Alien Tax Withholding on Sale of US Property Read More »
If you have recently moved out of America and this is your first year filing a 1040 tax return with additional reporting of foreign income (i.e income earned outside of the USA or Non-W2 income). It’s very common to get confused to take your call on to use Foreign Earned Income Exclusion (FEIE) or Foreign …
Form 116 Foreign Tax Credit or Form 2555 Foreign Earned Income? Read More »
Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year. ITINs not used in the last three consecutive tax years. Under the Protecting Americans from Tax …