Beneficial Owners Must be Disclosed. In accordance with the Corporate Transparency Act (CTA), on January 1, 2024, many corporations, limited liability companies, and other entities created or registered to do business in the United States must report information about...
Non-US citizens can face tax obligations if they own a US business and are “engaged in a trade or business in the United States.” This means the Internal Revenue Service (IRS) will likely expect tax filings if your business sells products or services in the United...
The U.S. Tax Code is a complex beast. Navigating the rules for reporting assets and filing the appropriate forms is no easy task. Add additional factors like business interests and foreign assets, and the process can quickly become unmanageable. What happens when you...