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Recent International Tax questions

We are planning to hire a nanny for our little one. We would

We are planning to hire a nanny for our little one.We would like to pay for the nanny service through online bank transfer.Now my question, what information do I have to collect from the nanny to be able to include the nanny expenses during income tax filing at the end of the year?Is there any form, that I need to have it signed by the nanny?

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taxmanrog

Master's Degree

1,176 satisfied customers
How can a foreigner start a company as a subsidiary company

How can a foreigner start a company as a subsidiary company of foreign company?Should it be a C corp or LLC?

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Mike-USACPA

President

84 satisfied customers
If someone wants to open a business in the USA what is the

If someone wants to open a business in the USA what is the advantage having a branch in another country?

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Mike-USACPA

President

84 satisfied customers
I'm an international Student on F-1 Visa I currently live in

Hi, I'm an international Student on F-1 VisaI currently live in an apartment near my college.I have a vacation home two hours away from me and thought I could make some passive income.I made an AirBnB account recently for the vacation home and signed W-8BEN.My question is if this is legally possible and if yes,what would I have to expect in regards ***** ***** taxes, and etc...

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Mike-USACPA

President

84 satisfied customers
I am a 100% owner of an EU corporation (online trading). The

Hi, I am a 100% owner of an EU corporation (online trading). The corporation is qualified to issue a qualified dividend under US tax law. I will become a US tax resident next year. Now, I have some simple questions in this regards:1. If the EU corporation makes profits, however, the profits stay in the company and are not distributed to the owner as dividend, are there any tax liabilities for the owner – who would not receive funds from the company in this case, however, the profits would increase the capital of the corporation. Please inform, and if “yes”, to which extend.2. How much approximately costs the tax support of a CPA if the EU corporation distributes dividends to the owner, who is tax resident in the US, and who has to claim the “qualified dividend” in this regards ***** ***** US personal tax return. Some accountants stated that if the owner has more than 25% share on the corporation, such a personal tax return becomes a major task with lot of documentation required. Please, inform.

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Matthew Breecher

President

MBA (Graduate Legal Studies)

360 satisfied customers
We are very late in filing our 2014 return. We are

Hi - We are very late in filing our 2014 return. We are missionaries living in Hungary. However during that year, my husband and I were separated and I lived in California. The address on the return is our Hungarian address. We received support from the US that we used in Hungary, but I also worked in CA at the time. My question is will ANY of this affect how we fill out our return? Thank youJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: I am sure there but, but I do not know what he/she will need to know.

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Mike-USACPA

President

84 satisfied customers
Do i have to pay taxes on a subsidy i receive from kuwait

do i have to pay taxes on a subsidy i receive from kuwait gov.I do file us taxes regularlyJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: The subsidy is for kuwaiti national who are self employed and have a legal buss. licenseJA: Is there anything else important you think the Accountant should know?Customer: no

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,454 satisfied customers
When you collect sales tax as an online business, what forms

When you collect sales tax as an online business, what forms do you fill out after that or at eh end of the year come tax time?

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Brian Michels

Partner, CPA

Bachelors of Business Administration

318 satisfied customers
My question is: My mother is here in the U.S. and she is a

Hi there, my question is : My mother is here in the U.S. and she is a green card holder. She has an income CAPI (Cash Assistance Program For Immigrants ) which is right now $835.00 a month. She also has her retirement plan in Romania which is a citizen of. We sent out legal documents to a friend of ours in Romania, over the years to pick up her monthly retirement from the bank there, which is roughly $150 a month. Now the bank sent a letter to our friend, addressed to my mother ( they did not ever realized that is not her address, since she is not living in Romania ) asking to send them a W9 OR W8BEN. Well, my mother's income is below $10000 US dollars a year, so I don't think she needs to fill out anything. Also she never done taxes, because CAPI is not taxable, nor need to be listed, and I claim her every year, since she lives with me, she is handicapped and I am her caregiver. Does she need to fill out any forms, or I need to inform the bank that she is not in any of those brackets ? We don't want the bank in Romania to give our friend a hard time when she will try to pick up her retirement money. Thank you !

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

22,454 satisfied customers
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