US Tax Returns Services:
Hirecpa offers a unique, "integrated" approach for US Citizens and other US taxpayers. We look at your worldwide tax situation, to help you determine the most tax effective solutions.
Our US Tax Services include:
- Preparation of your US tax return: U.S. Federal and State income tax returns
- US Tax calculations (hypothetical and actual, tax gross ups, etc.)
- Tax Equalization Calculations
- Assignment planning for individuals moving to/from the US
- Review of employment offers for tax implications
- Us tax advice
US income tax return
As a general rule, no income, gain, or loss from foreign sources will be treated as effectively connected with the conduct of a trade or business within the United States. However, three types of foreign-source income will be treated as effectively connected with a trade or business in the United States if the following requirements are satisfied:
- The person has an office or other fixed place of business in the United States to which the income can be attributed.
- The office or place of business is a material factor in the production of such income. An office or other place of business is a material factor in producing income if it significantly contributes to, and is an essential economic element in, the earning of the income.
- The office or place of business regularly carries on activities of a type from which the income is derived.
Nonresident alien individuals must file a U.S. federal income tax return if any of the following applies to them:
- They engaged, or are considered to have engaged, in a trade or business within the United States at any time during the tax year.
- Insufficient tax was withheld from United States source income that they received.
- They want to claim a refund for over with held or over paid tax.
- They want to claim the benefit of any deductions or credits.
Foreign corporations must file a US income tax return if any of the following applies to them:
- They engaged in a trade or business in the United States at any time during the tax year.
- They had income, gains or losses treated as if they were effectively connected with a US trade or business.
- They had any US source income.
- They seek a refund of income tax that they over paid.
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