In the event that you are unable to pay the taxes due from you by the date of filing the tax return (in 2017 it is April 17), interest and monthly late fees are charged on your debt. Penalty is also charged for failure to submit tax ...
You are an entrepreneur and you work for yourself, that is, you do not receive a salary. But that does not exempt you from paying social taxes, known as self-employment tax or self-employed tax. Once you have earned, after deducting all costs, $ 400 (for workers ...
Many citizens and permanent residents of the United States receive income overseas. Recently, the Internal Revenue Service (IRS) has shown an interest in taxpayers with bank accounts in Liechtenstein. However, the interest shown by the IRS goes beyond bank accounts in ...
The Internal Revenue Service of the United States has issued a warning that cases of fraud have increased in the country in recent years. These are mainly crimes related to identity theft and tax refunds. The department warned that fraudsters have become more active, even though ...
In January 2017, Donald Trump will take over as President of the United States. For now, experts are cautiously predicting what actions the future head of state will take first. But on the basis of the already announced program, and having studied the traditions with which the Republican presidents, experts, come to power ...
Read the previous articles in the series: How to open a business in the United States for a non-resident: choosing a type of company How to open a business in the United States for a non-resident: where to register a company So, your C-corporation is registered in a state where the best conditions for registration and business activities are provided for you. Now you ...
On April 18, the deadline for filing US tax returns expired. Last year, the Internal Revenue Service (IRS) raised an additional $ 25 billion through post-filing audits. Half of this amount was collected from individuals. The reasons for conducting an audit can be different. First ...
This year, scammers have come up with a new way to defraud taxpayers. Writes about this forbes.com. Scammers call US residents posing as IRS employees and talk about the need to verify personal information. People, without suspecting anything, call social security numbers and ...
ForuDaily talks about how the Russian-speaking residents of the United States have gone the hard way of starting a business, and also understands the complex procedure for registering a company. There are about 23 million small businesses registered in the United States. These are firms where the number of employees does not exceed half a million people. An influential company ...
The United States registered a record number of Americans who renounced citizenship last year. The newspaper forbes.com writes about this. At the end of 2015, 4 people underwent this procedure. At the same time, the publication notes that this figure could be much higher. This indicator is the most ...