Nobody downloaded yet

Tax Consequences of Non US residents operating a business in the United States. Also Non US residents Investing in United States business and or other United States Investments - Essay Example

Comments (0) Cite this document
Summary
It is set out to specifically analyze the rules and consequences of taxation to a non-resident alien who gets income from the US through business operations or other sources. To this, thus, the study is going to have a vivid…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Tax Consequences of Non US residents operating a business in the United States. Also Non US residents Investing in United States business and or other United States Investments
Read TextPreview

Extract of sample "Tax Consequences of Non US residents operating a business in the United States. Also Non US residents Investing in United States business and or other United States Investments"

Download file to see previous pages As per the invest-faq.com, a non-resident alien is able to enjoy holding some investments in this nation (USA) while at the same time getting numerous tax exempts upon income gained from the investments. A good example is the situation where a citizen of the US does his job in the USA for a considerable time period and gets a good portfolio of securities while in the USA. This person can hold on to that portfolio perfectly regardless of whether she/he stays in the USA afterwards.
The term or expression non-resident alien also encompasses such nationals from foreign countries who happen to reside in the USA such as students. These non-resident aliens who have US holdings are obliged to comply with the rules of the USA taxation system as the taxation authority of the US enforces such, the IRS. Since the taxation laws of the USA seem complicated, non-resident aliens need to consult tax advisors who have all taxation issues on their finger tips.
Fundamentally, a non-resident in USA, for taxation purposes, has to spend a period of lesser than 183 days in the USA. The rule governing this is complex in a way since it considers the previous years as well, as per the publication number 519 of the IRS. (Invest-faq.com, 2009)
Several court cases for non-resident alien taxation cases have been heard and resolved in court. Examples include Storerios and Catherine Hantzis versus CIR and Michel versus Commissioner among others.
In the case of Storerios and Catherine Hantzis versus CIR, the initial circuit of the court of appeal for the USA stated that a full-time student of law who is unemployed and is residing in Boston and at the same time attending classes in the Harvard Law School which is in Cambridge, who decided to take up a job for summer in the New York for 10 weeks got a tax home in New York alone since New York was her employment location. Thus, being an employed full-time student kind of status in his residence, Boston was not enough to take that as her ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Tax Consequences of Non US residents operating a business in the Essay”, n.d.)
Tax Consequences of Non US residents operating a business in the Essay. Retrieved from https://studentshare.org/miscellaneous/1561040-tax-consequences-of-non-us-residents-operating-a-business-in-the-united-states-also-non-us-residents-investing-in-united-states-business-and-or-other-united-states-investments
(Tax Consequences of Non US Residents Operating a Business in the Essay)
Tax Consequences of Non US Residents Operating a Business in the Essay. https://studentshare.org/miscellaneous/1561040-tax-consequences-of-non-us-residents-operating-a-business-in-the-united-states-also-non-us-residents-investing-in-united-states-business-and-or-other-united-states-investments.
“Tax Consequences of Non US Residents Operating a Business in the Essay”, n.d. https://studentshare.org/miscellaneous/1561040-tax-consequences-of-non-us-residents-operating-a-business-in-the-united-states-also-non-us-residents-investing-in-united-states-business-and-or-other-united-states-investments.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Tax Consequences of Non US residents operating a business in the United States. Also Non US residents Investing in United States business and or other United States Investments

Hispanics in United States

...people in the U.S. is increasing fast and in coming days will turn into the biggest minority group. It is very common to walk through the roads of a city in America today and listen to Spanish words. In 1950 less than 4000000 United States civilians were found from Spanish spoken countries. Nowadays the number grew to 45000000. About 50 % of Hispanics in U.S. have migrated from Mexico. The rest 50 % migrated from various countries such as El Salvador with Dominican Republic as well as Colombia. 36% of the Hispano-Americans in the U.S. live around California. Lots of other states posses’ large Hispano-American populations, including the Texas, New York...
8 Pages(2000 words)Research Paper

Description of United States

...in the most developed countries enjoy a good life (Reimer, Simon and Romance, 2010, p. 256). In this case, as an American citizen, notions of good life arise from the material fulfillment, quality of relations between individuals and the environment which leads to a comfortable life. American citizenship is obtained by birth or through naturalization (Reimer, Simon and Romance, 2010, p. 237). An individual born in United States obtains citizenship automatically by birth. On the other hand, a person not born in America can become a citizen by naturalization. This is done through application after satisfying citizenship tests, residency requirements and repudiation of any...
4 Pages(1000 words)Essay

United States Federal Tax Law

...(still with an FMV of $17,000 and a basis of $30,000). Kathy and Frank had no other assets or liabilities at that time, except for the Disputed Amount that remains in dispute. (a) What are the tax consequences to Kathy and Frank, if any, for each year? It should be noted that foreclosure occurred before Kathy and Frank cancelled their debt; therefore, they are liable to gain or loss from the foreclosure. Since they maintained personal liability for the $ 750,000 of the remaining debt, then they were liable to cancellation. Additionally, the insolvency exclusion cannot apply in the Kathy and Frank case since their indebtedness did not qualify for the principal residence...
8 Pages(2000 words)Assignment

United States Court System

...the nation gained its independence from England. The existing federal court system emerged as a concession between the founding fathers who preferred a powerful federal government and those who supported the rights of the states with a restricted federal government. At present, there are several independent court systems in the United States. Even though some American Indian communities and the military have their own court systems, the general U.S. court systems are the state court systems and the federal court systems (May et al., 2007, 161-162). Figure 1. Structure of the federal court system (May et al., 2007, 162) Even though state court systems...
6 Pages(1500 words)Research Paper

United States v. Wade

..., there was no reason to over turn the decision of the court. That is, provided that the prosecution would be able to support the pretrial line up identification the accused with a solid and valid court identification of the accused as well (n.d., “The United State v. Wade”). Therefore, it was the opinion of the court that the Fifth Amendment Right to self incrimination was not violated in this case as the line up identification did not show that there was any testimonial or communicative evidence that needed to be suppressed. On the other hand, the Sixth Amendment Right to counsel was violated in the pretrial proceedings since the accused had a right to legal representation during...
4 Pages(1000 words)Case Study

Abramski vs. United States

...or understanding of these provisions, the laws therefore dictates that the terms of sales may change depending on the purchases identity; hence, the purchaser remaining material to the lawfulness with firearm sale does not exist in this case. The above two are what the laws to the sales and transfer of guns dictate; however, it is also vital to note the ethical concerns of the convicted person. Abramski and the uncle are both legally satisfied federally to purchase and own a firearm. Additionally, they both followed the due process in this purchase and transfer of the gun (Abramski v. United States, 2013). Moreover, it is alleged that Abramski was involved in the bank robbery; despite...
3 Pages(750 words)Research Paper

United States Supreme Court

...The United s' Supreme Court acts as a check for the legislative and executive branches of government as acts as the country's highest platform for not only judicial but also political resolution. Thus, it is natural that an appointment to become a Supreme Court justice is of public interest, if not concern. The interest in the nomination of Sonia Sotomayor to the Supreme Court by President Barrack Obama garnered more than its share of scrutiny. However, there are some opinion that the hesitation stems from Sotomayor's gender and race being a Latina. The attention was not just due to her skills and experience to take up the position but also focused on her political advocacies which have...
1 Pages(250 words)Essay

Abortion in United States

...was passed in May of that year, intending to protect children's rights to life. It did have one small provision, though. It allowed a doctor to decide if the pregnant woman's health were in danger. If it were, then the abortion could be performed (Herring, 161). Thus, it can well be stated that abortion can only be permissible under the parameters of medical ground and logically enough all other causes of abortion should be systematically banned and considered illegal. One important reason why women tend to be more sexually conservative than males is the possibility of pregnancy. Pregnancy and child rearing require enormous resources; therefore, females do not want to risk unwanted pregnancies. This...
2 Pages(500 words)Essay

United States National Security

...(also know as "hyperpower") because it possessed the largest military might and had the political will to use it unilaterally in pursuit of its self-interest. "The point of departure of the new national security strategy is the position of unparalleled military strength and great economic and political influence that the United States enjoys." (David & Shapiro, 2003) The evidence for competition between the rich states lies in the fact that the United States' March 2004 invasion of Iraq was aimed at stopping Saddam Hussein from selling oil in Euro currency to the European Union. Washington viewed this decision in Baghdad...
16 Pages(4000 words)Essay

United States (US) NURSING SHORTAGE

...and effects on quality health care. Ethical concerns also exist in terms of overall treatment of foreign nurses who have gradually filled the shortage witnessed (Fox & Abrahamson, 2009, p. 238). To best tackle this issue, policymaking should, therefore, be considerate of the important role the foreign nurses play according them their due respect, instead of exploitation that is often the case. Above all, public administration should look into various ways of enhancing the recruitment of more nursing students. This should be collectively intensified in not only the national arena, but also in state, county and local council administrations. Augmenting this is the need of various...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Tax Consequences of Non US residents operating a business in the United States. Also Non US residents Investing in United States business and or other United States Investments for FREE!

Contact Us