Hey, what's going on, guys? Bastian here, and I'm super excited to bring you this video. I'm going to be teaching you if non-US entrepreneurs have to pay taxes in the United States if they're selling goods or services in the US. Okay, so I actually did some research for myself to see if I actually have to pay taxes, or which case applies. But before I dive into the details and all this stuff that I have right here, I want to tell you that I wouldn't just base your business decisions on this video. I would get advice for yourself as well because every single person, I mean people live in different countries, have different restrictions, or different countries, and it might not apply to you for a certain reason. So always get further legal advice, and I definitely suggest doing that because you never know, you might have all the restrictions that I don't have, or vice versa. First of all, this applies to non-US residents. If you live in the United States, this does not apply to you. If you are a green card holder, this does not apply to you as well. Also, if you live enough time to pass the substantial presence test in the United States, this does not apply to you. So what's the substantial presence test? It means that if you stayed for 183 days in the US for the past three years, it won't apply to you. Now, the 183 days is not like you stayed 100 this year and 83 days the past year. No, actually, it's gonna be the days of this year counted normally. So if you stayed 100 days this year, that's gonna be a hundred days. But if you stayed 100 days in the year before...
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5472 Instructions 2023-2024 Form: What You Should Know
Need to Know Your Business and Corporate Tax Information (if you're an independent contractor): IRS Corporations file Form 5472 to disclose information about their ownership that would be required to file Form 1065, If your business is registered in all 50 states and there's only one location that You Need to Know Your Business and Corporate Tax Information (if you're an independent contractor): IRS You are also required to file Forms 1065 (business income tax returns) with various state tax authorities. Form 1065 — Business Income Tax Return (form 1065-B) Form 1065-B (Form 1065-B) or Form 1065X (Form 1065X) or Form 1120S (V) or Form 4562 (E) or Form 8974 (F) or Form 4990 (F) You are required to complete this form annually if your business makes more than 75,000 If you make the maximum (as required) in wages and other types of compensation, you also Form 1099 — Business Income Tax Return (form 1099-B) or Form 4868 (EZ) or Business Income Tax Return; Other Forms (e.g., W-2G, W-2GS, Q-5, Form 4868 (EZ) or Business Income Tax Return; Other Forms If a corporation makes the maximum in wages and other types of compensation, that would still make the corporation under 25,000, but the corporation would file either a Form 1099-INT (Form 1099-INT-A) or Form 8979 (Form 8969) If a corporation is required to file Form 1120S (V), the corporation also is required to file Form 1120S (V) for the year of first sale. If the corporation sold property in a prior year and is required to file a Form 1099-INT (Form 1099-INT-A) but was not required to file a Form 4562 (E) or Form 4952 for the prior year, the corporation must also file a Form 1120S (V) for the prior year.
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