Can an S Corporation Owner Have an ITIN Instead of an SSN?
In order for an entity to qualify as an S corporation, it must only have eligible shareholders. Individuals must be US persons in order to be an S corporation shareholder.
How to Fill Out IRS Form 1040-NR for 2021. Step-by-Step Guide
The Form 1040-NR is filed by nonresidents of the U.S. that have U.S. source income subject to taxation. This article covers an example Form 1040-NR filing for the 2021 tax year.
How to File IRS Form 8840 for a Closer Connection to Foreign Country
Nonresidents of the U.S. can become U.S. tax resident by spending too many days inside the USA. If the nonresident meets the substantial presence test, they may be able to file the Form 8840 to assert a closer connection to a foreign country.
What Is the US Substantial Presence Test?
Nonresidents of the USA may become a U.S. tax resident if they are physically present in the U.S. for a certain number of days during the tax year. This article discusses the substantial presence test and what it means for non-U.S. persons.