US Tax Compliance and Filling

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  • What is US Remittance Tax?

    The US Remittance tax is a new law that introduced a 1% federal remittance tax on the transfer of funds from a US account starting from 1 January 2026. This...

     
    SJ Last reply by Shubham jain
    • 2 Replies

  • Who is Exempt From Foreign Remittance Tax?

    Here are some of the foreign remittance taxes exempt from TCS given below: For educational loans from banks and any registered RBI financial institutions.  If you take an educational or...

     
    VA Last reply by Vaishnavi Ansari
    • 1 Replies

  • What is Form 1065?

    Form 1065 is the US Return of Partnership Income. Every partnership should file Form 1065 with the Internal Revenue Service (IRS). The purpose of the Form 1065 is to report...

     
    DV Last reply by Deepa Verma
    • 4 Replies

  • When and How to File a 1065 for Your Clients?

    You should file a Form 1065 by 15 March. This is the date, which is 3 or the month according to the partnership's tax year.  The extensions are allowed to...

     
    BD Last reply by Bhavin Desai
    • 5 Replies

  • What is Form 1120 in the USA?

    Form 1120 is a US corporation Income tax return. It is used by American corporations to report the deductions, credits, gains, losses, and income. This form helps the corporation to...

     
    DM Last reply by Devika Mishra
    • 3 Replies

  • Are There Penalties for Failing to File a 1065 on Behalf of Clients?

    No, you will not have to face any penalties if you fail to file a 1065 form on behalf of your clients, but your clients will face penalties. If the...

     
    SS Last reply by Simran Sehgal
    • 2 Replies

  • Can I File 1065 Myself?

    Yes, it is possible that you can file your Form 1065 online via the IRS's modernized e-File (MeF) system. The IRS has approved many tax providers to file their Form...

     
    AK Last reply by Aparna Khanna
    • 3 Replies

  • What are the Eligibility Criteria for Filling Form 1065?

    To fill a Form 1065, you must:    You must have a U.S. return of partnership Income, which can be a limited liability partnership, a general partnership, or a domestic...

     
    TR Last reply by Tanay Rajput
    • 3 Replies

  • What are Common K-1 Mistakes?

    Some common K-1 Mistakes are given below:  Misapplied waterfall logic: This increases the likelihood of errors and inconsistencies in returns, interests, and catch-ups.   Mid-Year partner changes: Mid-year partner changes result in...

     
    DM Last reply by Devika Mishra
    • 3 Replies

  • How to File a US Tax Return From India?

    Here is the step-by-step process to file your US tax returns from India.  1. First, you need to choose the right form:  Form 1040-NR for the non-resident aliens Form 8843...

     
    GS Last reply by Gauri Saxena
    • 4 Replies
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