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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16579
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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If I get a loan for my company from my foreign friends, do

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If I get a loan for my company from my foreign friends, do they need to file tax return in the US? What is the tax rate?

Megan C :

Thanks for your question, and thanks for using

Megan C :

How are you?

Megan C :

If a foreign person receives interest income from a loan made in the US, then they have interest revenue. The tax rate is 30%


Got it. Thx

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Thanks, Matthew for your positive rating. Please come back and visit me for any of your tax, finance, or social security needs. It was a pleasure working with you today.