News

5472 Form: A Short Guide With Examples
Every tax season, thousands of US-registered foreign-owned companies (and presumably their owners or accounting departments) are carefully looking through the US tax code to figure out which exact tax forms they need to file or risk the full might of the IRS. One of those forms that regularly comes up is the 5472 form. In […]

Who Has to File 1040NR?
The US is famously open to foreigners, attracting a lot of foreign investment in real estate, finance and insurance, wholesale trade, and many other industries. These tens of millions of people from different countries, apart from investing and earning income in the US, have another thing in common — all of them have to file […]

1040 vs 1040NR: Main Differences and Which Form to File
Every year, the IRS deals with more than 165 million individual tax returns. And this year doesn’t seem like it will be different. The 2023 US tax season, just like any other before it, brings a lot of stress to many people worldwide. With so many different forms, exemptions, deductions, and credits you can file, […]

Physical Presence Test for US Expats: Guide and Examples
The most recent estimates show that there are a bit more than 5 million US citizens living abroad. Almost 4 million are civilians, while the rest are US service members and other government officials. Although they all might be living in different countries, they have something in common (apart from being US citizens and that […]

United States Travel History: I94 Form and How to Check It Online
There are a couple of different reasons why you would want to know your travel history in the United States, which brings us to the travel history I94 form. You might be a foreigner with a US-based income and are looking to calculate your days of presence for the Substantial Presence Test so you can […]

Substantial Presence Test Calculator for Tax Year 2023
The 2024 Tax season in the US is already underway. The filing season for individual tax returns started on the 29th of January, with the due date for filing them or requesting an extension being the 15th of April for the majority of the US states. This means that, right about now, there are a […]

Why EIN Matters: 9 Things You Can Do With Your EIN
Not that long ago, we explained in detail what an EIN is, why nonresident investors need it, and how non-US citizens can get one. Today, we’re going deeper into the topic of why exactly you might want to get it and what is an EIN number used for, by explaining the benefits that come with […]

Demystifying the 1040-NR Form (Nonresident Alien Income Tax Form): A Comprehensive Guide
Many non-US residents often find the task of navigating the US tax system to be daunting, at the very least. The multitude of forms that you have to file all by yourself, as well as the intricacies of the system itself (which is different than those in most other countries), often leave non-US citizens thinking […]

How To Use Rental Income to Qualify for Mortgage: Full Guide
The US has one of the largest real estate markets in the world, with an estimated worth of $2,53 trillion in 2023. Because of this, it’s no wonder that many investors, both domestic and foreign, are looking to get a piece of that very large pie. Thanks to the highly developed financial services market, investors […]

How To Get An ITIN Mortgage Loan?
The US has the most developed financial sector in the world, with an estimated worth of around 3,6 trillion dollars. The sector offers an incredible amount of services, including ITIN mortgage loans. Apart from being the main topic of this article, ITIN mortgage loans are a specific type of non-qualified mortgage loans mainly aimed at helping […]