Understanding IRS Form 5472 Compliance and Its Effects
For foreign-owned U.S. businesses and certain U.S. corporations with foreign owners, IRS Form 5472 is a critical compliance requirement. Failure to file this form correctly can result in significant penalties and increased scrutiny from the IRS. This article explores the importance of Form 5472, who must file it, and its broader effects on foreign-owned U.S. […]
Why Choosing an S-Corp Is the Right Choice for Your Business: Deadline Looming for 2025 Elections
When starting or restructuring your business, one of the most important decisions you’ll make is selecting the right business entity. The choice of entity can significantly impact your tax liability, legal responsibilities, and the flexibility you have in running your business. Among the options, many small business owners opt for the S-Corp structure due to […]
Filing Requirements for Non-Residents in the U.S.
Non-residents who earn income in the U.S. must comply with specific tax filing requirements to avoid penalties and ensure compliance with IRS regulations. Understanding when and how to file taxes as a non-resident can help individuals and businesses navigate the complex U.S. tax system. Who Qualifies as a Non-Resident for Tax Purposes? A non-resident alien […]
