Non-resident Taxes

in #nonresident7 years ago

If you earn income in the US, you have to pay taxes. This rule applies to individuals of differing citizenship statuses, including non-resident aliens. If you don’t have a green card, but are residing in the US, there is a high likelihood that you owe the IRS money at tax time.

If you’re looking for help in non-resident alien tax returns, our firm is equipped to help. Firm founder, Eldad Kaufman, CPA, is knowledgeable in tax preparation for clients in unique circumstances. Ask us how we can make tax filing easier for non-residents.

Do I Need to File a Non-Resident Alien Tax Return?
Before you worry whether you’re filing your taxes correctly, consider if you are eligible to file a non-resident alien tax return in the first place. Please note that the circumstances below apply only to those individuals who do not have a green card or other citizenship status with the US:
• Business Ownership
• Receiving Income from an Entity in the US
• Responsible for a Trust or Estate in the US

If any of the above apply to your particular circumstances, you must pay taxes in the US. Even if you did not receive income from your US-based business, you are still required to file applicable forms. If you have questions about what to file and when, our CPA and tax professional can help.

Compliance and Consulting for Non-Resident Taxes in Mclean
Making sure you’re using the right forms and submitting information on time is an important part of avoiding complications and maximizing credits for any taxpayers -- especially those with special considerations, including non-resident alien status. Kaufman Accounting helps foreign individuals make sense of their tax return and what they are expected to pay to the IRS using forms 1040NR and 1040NR-EZ.

We take all opportunities to minimize liability and maximize credits. In some cases, treaties between your country of origin and the US dictate the percentage at which you may be taxed. In other cases, you may be eligible for business credits that lower tax amounts. Our goal is making sure non-resident aliens are compliant with all tax laws that dictate how much and when they should pay the federal government.

If you’re ready to leave the US, our CPA helps you file required forms that indicate you are up-to-date with all tax matters. This documentation must be submitted to the IRS prior to your departure to avoid any complications.