The Tax Preparation Blog

Question: Non-US Citizens who own a US Company – Tax Help?

U.S. Federal Tax return of income – please, help.

We are Non-US Resident aliens and we are living out of USA. Last year (Jan. 2008) we formed an Limited Liability Company (a Partnership with two individuals – shareholders) in West Palm Beach, Florida.

My question is:
What kind of taxes and forms(“U.S. Return of Partnership Income – Form 1065″, “U.S. Return of Partnership Income – Schedule K-1″ and etc.) should to pay and file, and how to fill all required tax forms?

What’s the tax rate for Non-US Citizens who own a US Company (Partnership)?

What kind of federal and state taxes should I pay at all?

We’ve already filed and paid our Annual Report as a partnership ($138).

And remember that we’re selling some of our services (web design and online marketing services) in Florida and we are Non-US Citizens, who living out of USA.

Thank you in advance!

Answer: your obviously lying because if you owned a business and wanted answers about taxes you wouldn’t come to yahoo answers, so just dont pay them

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A Liberal government would cancel the $16 billion contract to purchase new stealth fighter jets and open the process to replace Canada’s aging CF-18s to multiple bids, Michael Ignatieff announced Wednesday.

You don’t have to pay Federal Income Tax?

Question: Were Cons/GOP upset when Reagan granted Amnesty to 1.7M, grew Govt, and Raised Taxes more times than he Cut?

Plus, he was ProChoice as California governor.

It’s funny how short memories, and morals, are in this country.

Reagan would be a RINO today and might not even be allowed to run in a GOP Primary.

Answer: No cons answered ? Truth hurts

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California global warming issue spans two ballot items

As the campaign slows down for Prop. 23, which would repeal the environmental law, money pours in to promote Prop. 26, which could hobble it. Fundraising for a ballot initiative to suspend California’s global warming law has flagged, but oil companies and other business interests are pouring millions of dollars into a separate ballot measure that could dry up funds to implement the law.

California Gets a Budget

Question: Am started working as LIC Agent, from Nov.2009. Last year earnings only Rs 1593.00, as comm.?

Am 64 years old, a retiree without pension.No other income. For the first qtr.of 2010-2011, LIC deducted Rs 581.00 as Income Tax, out of the commission of Rs 5000.00. Income upto 1,60,000.00 is exempted as per IT Rules. How to get me exempted from deductions? If I give a letter to the Br.Manager, LIC, has he got the authority to act in this matter..

Answer: TDS on Insurance Commission (Section 194D) – If you wish to be exempted from TDS then apply to the AO in Form No 13 for Exemption From TDS.
The AO will issue a certificate to the deductor in Form No 15AA. Valid for the period specified in the certificate / Fresh application required after expiry of validity period.

HMT

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Pensions of high earners targeted for £4bn savings

Government cuts high earners’ tax free income that can be paid into a pension to just £50,000 The government has slashed the amount of tax-free income that high earners can put into a pension by 80%, from £255,000 to just £50,000, it was announced today by Mark Hoban, financial secretary to the Treasury. He said the move will affect up to 100,000 high-earning pension savers. From April 2012, the …

2010, 2011 Earned Income Credit Calculator