US Tax Services
TM Taxation Services specialises in US tax return preparation and advice services for individuals with US tax issues.
When preparing your US tax return we take into consideration the myriad of complex US tax laws and help you to minimise your tax liability by taking advantage of all available deductions and allowances including foreign tax credits, income exclusions and any applicable tax treaty provisions.
Our personalised US tax services include the following:
• Preparation of US Federal Tax Returns (Form 1040)
• Preparation of US State Tax Returns
• Preparation of Non-Resident Alien Tax Returns (Form 1040NR - see below)
• Streamlined Filing Compliance Procedures for delinquent (non-compliant) US taxpayers
• Foreign Asset Disclosure Forms (Forms 8938 and FinCEN/FBARs)
• Forms 8865 and 8858
• ITIN Applications (Form W-7)
• Other Compliance Filings including US Tax Withholding forms such as Forms W8-BEN
Non-Resident Aliens
Non-Resident Aliens (non-US citizens/nationals) may also have US tax filing requirements. Individuals that may need to file a US tax return include those moving to the US for work, foreign partners of a US Partnership, foreign owners of a US property or those 'doing business' in the US.
Claiming Tax Treaty Benefits
If you are a non-US individual that receives US sourced income, such as royalties or dividend income from a US payor, then your income will be subject to 30% US withholding tax until, or unless, you complete the necessary paperwork to claim either reduced tax withholding or full exemption from tax (depending on the applicable Tax Treaty rates).
We can prepare the relevant US Tax Withholding forms for you to help avoid the 30% withholding rate on any future US income, as well as assist you with obtaining a US ITIN, if needed.
Refund Claims
If you have already suffered 30% tax withholding on your US sourced income during the last three years, we can assist you with making a tax refund claim by filing a US tax return with the IRS.
If you have any queries or concerns regarding your own US tax filing requirements, please contact us for an initial consultation.
TM Taxation Services specialises in US tax return preparation and advice services for individuals with US tax issues.
When preparing your US tax return we take into consideration the myriad of complex US tax laws and help you to minimise your tax liability by taking advantage of all available deductions and allowances including foreign tax credits, income exclusions and any applicable tax treaty provisions.
Our personalised US tax services include the following:
• Preparation of US Federal Tax Returns (Form 1040)
• Preparation of US State Tax Returns
• Preparation of Non-Resident Alien Tax Returns (Form 1040NR - see below)
• Streamlined Filing Compliance Procedures for delinquent (non-compliant) US taxpayers
• Foreign Asset Disclosure Forms (Forms 8938 and FinCEN/FBARs)
• Forms 8865 and 8858
• ITIN Applications (Form W-7)
• Other Compliance Filings including US Tax Withholding forms such as Forms W8-BEN
Non-Resident Aliens
Non-Resident Aliens (non-US citizens/nationals) may also have US tax filing requirements. Individuals that may need to file a US tax return include those moving to the US for work, foreign partners of a US Partnership, foreign owners of a US property or those 'doing business' in the US.
Claiming Tax Treaty Benefits
If you are a non-US individual that receives US sourced income, such as royalties or dividend income from a US payor, then your income will be subject to 30% US withholding tax until, or unless, you complete the necessary paperwork to claim either reduced tax withholding or full exemption from tax (depending on the applicable Tax Treaty rates).
We can prepare the relevant US Tax Withholding forms for you to help avoid the 30% withholding rate on any future US income, as well as assist you with obtaining a US ITIN, if needed.
Refund Claims
If you have already suffered 30% tax withholding on your US sourced income during the last three years, we can assist you with making a tax refund claim by filing a US tax return with the IRS.
If you have any queries or concerns regarding your own US tax filing requirements, please contact us for an initial consultation.