Us Taxation

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US TAXATION

Our goal is to meet each client's specific demands and objectives, allowing them to strike a balance between compliance and value development.

We also assist many types of enterprises, people, and organizations with tax strategy, planning, and compliance, as well as providing a comprehensive variety of business advising services through specialized tax specialists. This means that we can help you both locally and worldwide whenever you need tax guidance.

We have extensive experience dealing with a wide range of clients, including multinationals and local firms, privately held organizations, entrepreneurs, family enterprises, and private people.

We think that the capacity of a tax function to accomplish three main goals is what essentially determines its efficacy, even if the specific goals of each tax function will differ:

Within the framework of the organization's business goals, create, preserve, and maximize value.
Control several tax-related hazards that arise from operating a business.
Ensure that all tax and reporting obligations are met.
We assist you with the preparation and submission of your US tax returns with the

In the United States, residents are normally taxed on their total pay, regardless of where or for whom the services are done. Compensation comprises both financial payment and the fair market value of property or services obtained. Foreign earned income exclusions may apply to certain income obtained by a resident for services done outside of the United States.

Non-residents are subject to U.S. tax on income from U.S. sources. U.S. source income that is not effectively connected with a U.S. trade or business (generally investment income) is taxed on a gross basis at a flat 30-percent rate (unless a lower treaty rate applies). A non-resident engaged in a trade or business within the United States during the taxable year is taxed on income effectively connected with the U.S. trade or business, less allowable deductions, at normal graduated rates. Generally, income effectively connected with a U.S. trade or business includes compensation for personal services performed in the United States.

A foreign national who changes from U.S. resident status to non-resident status or from non-resident to U.S. resident during a year is subject to U.S. tax as if the year were divided into two separate periods, one of residence and one of non-residence. The dual status foreign national is generally subject to tax on worldwide income for the period of residence and generally only on U.S. source income for the period of non-residence.

The IRC is structured to obtain at least 90% of the final income tax through withholding and estimated tax payments. Individuals who earn income not subject to withholding must pay tax on that income in quarterly installments.

NEED ANY HELP ON YOUR TAX RETURN?

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