Monday, October 31, 2016

How to Form an LLC in Lake Nona

How to Form an LLC in Lake Nona

How to Form an LLC in Florida? – Exploring the Procedure


Let's move on to the procedure of how to form an LLC in Florida. This section will carefully detail out everything you need to know about setting up an LLC in Florida. Forming a Limited Liability company in Florida is a great choice, if you are looking for reduced tax liability, flexible tax management structures, and of course limited liability for your members and managers. Also, according to the federal government, Florida is one of the best states for forming a business. If you wish to know how to form an LLC in Florida, then you will have to plan out your business properly, complete the tax requirements, file the relevant documents with the Department of State, and maintain the annual reporting. 

For more info on how to form LLC in Florida...go to www.freedomtaxaccounting.com

We will be exploring the answer to the question how to form an LLC in Florida in detail below.

·       Step # 1: Understanding Limited Liability Structure


To form an LLC in Florida you first need to understand what a limited liability structure is. A limited liability company is actually a hybrid business having all the positive aspects of the business structure. Having the LLC, you will get to enjoy the flexibility of partnership and tax efficiency of the corporation.

Moreover, the limited liability structure will permit you to have all the positive aspects including the ease of sharing profits and losses, limited liability, and the convenience of record-keeping. Along with these positive aspects, there is only one drawback, the owners or partners have to pay the taxes on their own.

·       Step # 2: Creating Structure For Your Business


Thinking of how to form an LLC in Florida, you should know the structure you wish to create for your business. By creating a structure we mean that you have to decide whether your limited liability company will be managed by managers or by members. Members are actually the owners of the company.

To know how to form an LLC in Florida you must first understand that it is essential to write in the Articles of Association about the structure of your business. If you do not mention or specify it, the law will assume that your company is managed by members or partners of the Limited Liability Company.

If you are willing to explore how to form an LLC in Florida, you also need to understand that a Limited Liability Company managed by members is the company where the members are permitted to make decisions and have the management authority of running the day to day operations of the business.

According to experts, this is a great option so if you are willing to start an LLC and asking how to form an LLC in Florida, then you should opt for member managed LLC as it does not require any separate management levels and everyone is given equal authority. On the contrary, when the company is managed by managers, only the managers are permitted to decide the day to day tasks and operations while the members have no authority to decide but only look over the workings of the managers and be passive investors.

·       Step # 3: Choose a Name for Your Business and Principal Office


If you are interested to know how to form an LLC in Florida then choosing a name for your business is one of the most important requirements. Do some research and then choose a legal and appropriate name for your limited liability company. The name of the company should be decided by checking the Department of State so that there are no clashes in the business name.

Additionally, you will have to add Limited Liability Company, ltd., or LLC in the end of the name. When you are done choosing a name, it is time to designate a head office to include in the Articles of Association to prove its existence with the street address and mailing address.

·       Step 4: Find a Registered Agent and Draft Articles of Association


If you wish to know how to form an LLC in Florida, then keep in mind that you would require a registered agent by law in Florida. Without a registered agent in Florida, you will not be able to form your business smoothly. They must be an individual or an entity residing in Florida only. Also, they must have a proper street address i.e. office in Florida to receive and send the notices, proceeds, and conduct processes for the company.

Once you found a credible registered agent, it is time to draft Articles of Association. In this document, your registered agent will help you in writing the name of the business, mailing address of the office, address and name of the registered agent themselves and other important company information. When you are done writing it, you need to get it signed by at least one person who is acting as the authorized representative for your Limited Liability Company. Normally, the representative is the registered agent only so you can get it signed by them.

·       Step # 5: Deliver Documents and Pay Filing Fee


Once the documents are completed, you can deliver it. Also, you will have to pay filing fee for the Articles of Association. If you wish to form an LLC in Florida, then you should remember that you will have to pay $100 as a filing fee for the certificate and $25 to the registered agent, which sums up to $125 to properly deliver the documents. All those concerned about how to form an LLC in Florida, can be happy on the day of filing, because once they file the documents, the same day their Limited Liability Company will be formed.

If you do not wish to deliver the documents by mail, you can do it via electronic filing. You can access the Florida's Department of State using the electronic filing to form an LLC online. This process saves time and helps you forming Limited Liability Company earlier and quickly.

This electronic filing system is also simple as you just have to get started by clicking one button and fill the information and pay the fee, $125 via credit card. Those who are worried how to form an LLC in Florida via electronic filing should understand that once the forms are approved; their LLC will be formed online. Many people form Limited Liability companies online only.



Source:http://freedomtaxaccounting.com/how-to-form-an-llc-in-florida/

 

St. Cloud, FL Real Estate Accounting

St. Cloud, FL Real Estate Accounting

What Does a Real Estate Accountant Do?


Now that you have valid reasons and grounds to imply Orlando real estate accounting when you are investing in properties all over Orlando, you must also learn about what the job of a real estate accountant entails. So, if you were to hire one, you'll know what to look for and how to incorporate it in the best interest of your business. Here's how it works. An accountant taking care of Orlando real estate accounting will perform the following tasks:


  • Fist-off, these accountants can be hired by anyone who has been working in the real estate industry or owns a real estate development firm.

  • When involved in property management business, it requires licensing and certifications for the financial reports and materials to be prepared by the accountant.

  • You need to know how much money you are making each month in order to determine what to spend and where. A real estate accountant prepares the entire report of the month, including total income, profits and expenses. Accurate financial reports result in careful budgeting and smart spending, increasing the chances of your success.

  • All businesses largely involve a red tape policy and as irritating as it might be, it has to be done. Also, when money is involved, you need to keep a documented record of everything. As necessary as it might be, it is not be a fun job to document leases, agreements, reports, cost estimates and the likes. However, it has to be done and real estate accountants are pros at it.

  • A deal, a transaction or a contract often makes a business do some research or sometimes, requires digging into its history with the client. An accountant can help with that by preparing financial reports of any nature, be it sales, purchases, rentals or leases.

  • Accountants have a far better knowledge about investments than the people spending their money. So, while investors can make their decision, they can ask their accountants for an analysis on it. Similarly, an accountant can also work on appraisals if the real estate development firm is big and works with quite a few employees. They also know how to work with capitalizing assets.


If you need help with real estate accounting in Orlando please call us at 407-344-1012, or email us at info@freedomtaxfl.com. or visit www.freedomtaxaccounting.com

Why a Real-estate Business in Orlando is a Good Career Choice?


The reason that Orlando real estate accounting is in high demand is because of the fact that the city has a very delightful market to offer to the investors. Since Orlando is a really good tourist hub and every year, quite a number of people make the decision to move their permanently, houses, estates and properties are always in high demand. It is also because of its cartoon-themed vibe that attracts people to the city. The rent rate is above average and ensures a return of at least 14.9%. The best thing about the Orlando house-market is that it remains stable throughout the year, making it good for long-term economic.

Another reason that Orlando real estate accounting has become a much needed part of every real estate development firm is because of the increasing demand for houses which translates into more buying, more selling and more renting. Keeping tabs on so many transactions makes it necessary to have a well-established accounting system in place and to keep it there since the influx of people who are making their way to Orlando every year do not seem to be decreasing anytime soon.

Also, any person who is judicious will know that Orlando's house market is here to stay and will only get better as the months progress as the houses here appreciation in value. So, it is only smart to seriously consider the possibility of implying Orlando real estate accounting in the real estate investment business.



Source: http://freedomtaxaccounting.com/orlando-real-estate-accounting/​

Thursday, October 27, 2016

¿Que Es Un Número {EIN|EIN del IRS|Tax Id Para Empresas|Tax Id?

¿Que Es Un Número {EIN|EIN del IRS|Tax Id Para Empresas|Tax Id?Si se está preguntando ¿cuál es mi número de EIN, entonces primero hay que entender lo que es un número de identificación patronal (EIN), para comprender adecuadamente la respuesta a lo que es un número de EIN. Esta es otra forma de número de identificación fiscal. También es conocido como número de identificación fiscal federal y tiene nueve dígitos como los números de seguro social y números de identidad del contribuyente individual. Se requiere esta forma de número de identificación fiscal cuando un individuo desea iniciar un negocio en los Estados Unidos.

Si se está preguntando ¿qué es un número de EIN, entonces usted debe estar interesado en iniciar un negocio en los Estados Unidos y no está interesado en el empleo específicamente. Es emitido por el Servicio de Impuestos Internos (IRS) para las entidades de negocio para presentar sus declaraciones de impuestos. Las corporaciones, asociaciones, empresas y organizaciones sin fines de lucro, etc. son susceptibles de tener un número EIN para los impuestos. Si desea obtener un número EIN, sólo tiene que llenar el Formulario 1041 y el IRS va a concederle el número EIN.



Si necesita ayuda para obtener un número EIN favor de llamar al 407-344-1012, o escribir a info@freedomtaxfl.com, o visitar www.numeroitin.com



¿Usted Necesita Un Número EIN?

Si quieres aprender el núcleo de lo que es un número EIN, primero tiene que entender si realmente lo necesita o no.

No importa qué tan pequeño o grande es el negocio, si los empleados están trabajando en base a tiempo parcial o tiempo completo, todas las corporaciones y las empresas requieren la obtención de un número de identificación patronal (EIN). Hay ciertos factores sobre la base de los cuales se puede llegar a saber si usted requiere un número de identificación patronal (EIN) para su negocio. Si su respuesta es sí a cualquiera de las siguientes preguntas, es necesario un número de identificación.

• Si usted está pagando los empleados de su oficina hasta $ 600 en un año.

• Si ha desarrollado y está dirigiendo una corporación, sociedad, o un negocio propio.

• Si tiene que presentar para el tabaco, el alcohol, los impuestos especiales, armas de fuego y el empleo.

• Si usted retiene impuestos sobre la renta a los extranjeros o no residentes.

• Si ha hecho un plan Keogh para su negocio.

• Si tienes alguna de las siguientes organizaciones:

-Fideicomisos que no son propiedad de los otorgantes y son revocables, IRA y devoluciones de negocios e Impuesto sobre la Renta

-Real Estate o conducto de inversión Hipoteca

-Administradores de plan

-Fincas

-Organizaciones sin fines de lucro

-Cooperativas de agricultores

Dicho esto, las personas que reflexionan sobre lo que es el número de EIN también deben saber que hay ciertas empresas que no requieren un número EIN. Sin embargo, un número EIN es muy importante para las corporaciones y las empresas, sino todo tipo de empresas no son realmente elegibles para ello. El número EIN distingue de sus finanzas personales y datos financieros. Si está operando un negocio propio sin empleados en absoluto, entonces no es necesario que requiere un número de identificación.



Fuente: http://www.itinnumberonline.com/sp/que-es-un-numero-ein-del-irs/​

How to Get an EIN Number to Sell on Amazon

How to Get an EIN Number to Sell on Amazon

How to Get an EIN Without an SSN or ITIN?


Many business owners living in the U.S. are of the view that they need an SSN or ITIN to acquire an EIN. Due to rumors and misconceptions, Amazon sellers who neither have an ITIN or SSN, get worried and inquire how to get an EIN number to sell on Amazon. 

Individuals who believe that it's important to have an SSN or ITIN to obtain an EIN are wrong. Having an ITIN or SSN is not necessary, but there are 4 factors that should be noted.



To get an EIN to sell on Amazon visit www.itinnumberonline.com


  1. The corporation's structure such as C-Corporation, S-Corporation or LLC.

  2. A person's status; U.S. resident or a non-U.S. resident.

  3. The co-founders of the business who are U.S.-based.

  4. The association of a business with a U.S. accountant or attorney.


The factors above will help you determine whether or not an SSN or ITIN is needed for an EIN. It's not a criterion for individuals to acquire an SSN or ITIN for an EIN. Hence, Amazon sellers who are worried about how to get an EIN number to sell on Amazon should go through the following information. 

Recently, the IRS has implemented certain policies which make it quite complicated for persons to acquire an EIN. This is also true for foreign businesses, even if they possess an ITIN or SSN. To make an EIN easier for businesses without an ITIN or SSN, they need to comprehend  the EIN application process.




  1. Foreign businesses require a credible US-based business lawyer with a valid SSN who can act as their third party designee to represent their business.


 


  1. The credible business lawyer hired by you for your business has to ready an application for an 'Employer Identification Number' (EIN) with the required documentation on your behalf.






  1. After preparing the application, the business lawyer must contact the IRS for international applicants and will have to send the signed form to the IRS through fax.


 


  1. As soon as the application will be accepted by the IRS, your business lawyer must receive the 'Employer Identification Number' for the foreign business on the same day, provided the name of the lawyer has been mentioned in the third party designee portion of the application form.


In short, to get an EIN without an SSN or ITIN, you must hire a professional, accredited, and credible US-based business lawyer. An experienced and certified lawyer is an integral part of the EIN application process and they help in securing an EIN efficiently and effectively.

Without a good lawyer, the EIN process might not go smoothly as they are the ones who either have an SSN or ITIN which becomes the base to obtaining an EIN for your business as they are representing you. Therefore, you should select your business lawyer properly and you should ensure they possess an SSN or ITIN. 



Source: http://www.itinnumberonline.com/how-to-get-an-ein-number-to-sell-on-amazon/​

Thursday, October 20, 2016

How to Form LLC in USA for Amazon Sellers

How to Form LLC in USA for Amazon SellersTo open an LLC in the USA, you need to first contact a registered agent or an attorney in the state where you are interested in forming an LLC. You can also utilize an online service like 'Growing America One Business at a Time.' Furthermore, you are also required to open a bank account in the US. If you form a single-member LLC, you will be considered a sole proprietor and will be taxed as such. On the flipside, if you hire employees, you will establish a regular LLC and the IRS will regard you as a partnership for the purposes of tax.



For help on forming your LLC for your Amazon business visit www.itinnumberonline.com



Once the LLC is setup, you have to change the name on Amazon and enter the EIN. You won't have to create a new account; just continue using the existing seller account on Amazon.

But first you have to acquire an EIN which is not an easy process because it consumes a lot of time, so foreign Amazon sellers who are interested in obtaining an EIN need to be aware of the steps involved in the application process.

·       Have a Trustworthy Business Accountant


All foreign sellers on Amazon wanting to set up an LLC in the USA must have a trustworthy and honest accountant who is experienced in dealing with LLCs and small businesses. The accountant must be able to represent the company as a third party designee.

·       Prepare the Application


The accountant will also have to help you prepare the application for securing an EIN. All the necessary documentation need to be gathered and submitted for the application for an EIN.

·       Contact the IRS


After all the documentation is complete and the accountant has readied the EIN application, you have to approach the IRS at the foreign investors centre and then fax a signed form to the IRS.

·       Obtaining the EIN 


When your application is successful and the IRS approves it, your business accountant will have to collect the employer identification number if you mention the name in the third party designee portion of the application form.

As you now know the procedures on how to open LLC in USA for Amazon sellers, you may have realized that the role of an accountant is crucial. And having one, who is professionally sound, trustworthy, and loyal, will help make the process easier and smoother for you. It is because of the services of a good and an experienced accountant that you are able to secure an EIN without an ITIN or SSN. 



Source: http://www.itinnumberonline.com/how-to-open-llc-in-usa-for-amazon-sellers/​

What is an IRS 1035 Exchange

What is an IRS 1035 ExchangeIf you want to learn the core of what is a 1035 exchange, then read this section very carefully. The section 1035 exchange is basically a tax free exchange of life insurance policy or an annuity contract for a new one. If you are concerned about what a 1035 exchange is, then you should also keep in mind that you can only qualify for the section 1035 exchange for a new contract when the policy holder exchanges the existing contract in return for the new contract. In this case, the annuitant and the policy holder should be the same.



For information about 1035 exchange go to www.freedomtaxaccounting.com



Furthermore, section 1035 exchange is actually a provision of the United States tax code which gives the ability to transfer funds from an annuity, endowment or life insurance policy to a policy of a similar type. When the funds are transferred from the old to the new policy, the exchange can occur under section 1035 without any taxes.

Now that you have understood what a 1035 exchange is, you should also know that with this life insurance policy, you will be able to transfer your funds for putting off any gains. For example, if you transfer all the proceeds from an old policy to the new one, no taxes will be levied on the gain of the original policy at the time of transfer if there are no outstanding loans on the original policy. On the contrary, if the gains from the policy are transferred without using the 1035 exchange, they will be taxed at the ordinary income tax rates of the policy holder.

All those asking what a 1035 exchange is, they should remember that even if a policy does not have any gains, they will be advantageous no matter what. With 1035 exchange insurance, policy holders can avoid paying more taxes than required by the federal laws, like in a modified endowment contract. Also, when policy holders like paying future premiums for a new policy, the 1035 exchange can be helpful at that time as well. This lets individuals enjoy purchasing a new policy without having to pay more money.

Moreover, even when there are no gains to be deferred, section 1035 exchange still permits a policy holder to preserve their basis. For instance, if the cash value of the original policy is higher than the gross value, this means that an individual is suffering losses. But, a 1035 exchange helps policy owners enjoy the higher basis of the new contract. The original contract's tax basis becomes the new contract basis in this scenario.



Source: http://freedomtaxaccounting.com/what-is-a-1035-exchange/​

Wednesday, October 19, 2016

Tax Planning For Chinese Investors in the U.S. Real Estate Market

Tax Planning For Chinese Investors in the U.S. Real Estate Market

Better Tax Planning for Chinese Investors


Description: 57e396007acb9.jpgThe main issue that Chinese investors face when investing money in the US real estate market is the direct investment which is subject to Foreign Investment in Real Property Tax Act (FIRPTA), also known as Section 897. What this section basivcally proposes is that any gain earned by a foreign investor on any US real estate property will be treated as any other gain earned by a resident on any US business or trade transaction. The amount of  taxes paid by the foreign investor would be similar to that paid by a citizen and filing of US federal and state income tax returns would be done in the same manner as well.

Here is what the Chinese investors can do to improve their tax planning when investing in American real estate:

If you are a foreign investor in U.S. real estate, and need tax planning advise, please call us at 407-344-1012, or email us at info@freedomtaxfl.com. Or visit www.freedomtaxaccounting.com

Invest as a Lender


You can make a smarter move by investing in USA's booming real estate as a lender instead of as a partner in property holding corporations. This can give you a chance to have the loan secured. The collateral does not make it a US real property interest and, hence, a non-participating loan is not subjected to FIRTPA regulations. Investors can also save FIRPTA taxation on an appreciation loan as a US real estate property is not liable under it when it comes to interest and principal amount. If the loans are deemed as debt for US federal income tax purposes, then these strategies can effectively give way for a lesser taxed investment and allows foreign investors to be a part of US real estate market

The taxation would be done in a manner which is the same as it is done when normally levied on other US property interests. A loan, by principal, is considered US real estate property interest if it participates or shares in the appreciative process of a property. If the interest is further qualified as a portfolio investment and the foreign investor is defined, they will be exempted under Code Section 892 in case of foreign government and the US tax Treaty, whichever is applicable.

Foreign Investment as Offshore Blocker


Another option Chinese investors can choose to take to lessen their tax burden is to invest as a shareholder in a domestic corporation as well as a lender to it instead of stepping into the real estate market as an equity investor. This way, your funds will be indirectly invested into the US real estate fund or the US real estate itself by the domestic corporation.

Real Estate Investment Trusts


Description: 57e3974f4e4a2.jpgReal Estate Investment Trust, or (REIT) in short, is a corporation that either owns or finances real estate properties that produce income. They can be a considerable option in case of tax planning for Chinese Investors. They are a good means to reduce US federal income taxation to a minimum or to completely avoid it. Once an REIT meets the requirements of tests, like asset, total income, nature of ownership and distribution, it can evade US federal income taxes which might otherwise be levied on foreign investors even though it itself would be seen as a corporation. Apart from a few exceptions, the rest of the profits from REITs will be subjected to FIRPTA laws.

If the ownership of a foreign investor in publicly traded REIT is at 5% or below, it will not be taxed according to FIRPTA regulations. They will be taxed under the regular conditions as there are for residents. The condition is also the same with 0% withholding and a period of one year calculated from the date of confirmation of the contract till the distribution date.

An REIT that has 50% of the share of stock in the name of resident owners would also be exempted from FIRPTA taxations under two conditions. These two conditions are;

  1. Five year period that comes to an end on the date of the transaction in question

  2. The period of existence of REIT


Among these two conditions, whichever is the shortest will be considered. This case of 50% ownership by US residents is called “domestically controlled” status.

Many foreign investors can also have their taxes exempted if they use private REITs as a holding unit. Though the US tax-exempt investors are able to obtain benefit from the fractions rule as well as the firm's qualification under such a norm, they are not subjected to FIRPTA taxations.

What companies or funds might do is that they may acquire US real estate interests and hold them under REIT. This would attract foreign investors, in this case, Chinese investors. Furthermore, such an investment can be ended by the sale of the REIT by the fund holding party.

However, it must be noted that any sale of US real estate interest by the REIT will be subjected to FIRPTA taxations for non-US investors without any difference, whether the REIT has the status of being domestically controlled or non-controlled. 



source: http://freedomtaxaccounting.com/tax-planning-for-chinese-investors-in-the-u-s-real-estate-market/​

 

Friday, October 14, 2016

Como Obtener Número ITIN Para Su Esposa

Como Obtener Número ITIN Para Su EsposaDocumentos requeridos

Fuente: 
http://www.itinnumberonline.com/sp/como-obtener-un-numero-itin-para-su-esposa/​

Normalmente, sólo se requiere un pasaporte para los dependientes. Por lo tanto, si usted está preocupado acerca de cómo obtener el número ITIN para su esposa, entonces debe asegurarse de que ella tiene un pasaporte actualizado. A menudo, se puede pedir más. Por lo tanto, usted debe entender y conocer los 13 documentos que se incluyen y son aceptados por el Servicio de Impuestos Internos. Los 13 documentos deben ser válidos y no caducados. Los siguientes son los documentos que se solicitan al obtener el número ITIN para su esposa;

1. Usted tendrá que completar todo el formulario W-7.

2. Tendrá que mostrar la tarjeta nacional de identidad que incluye los siguientes elementos;

a. Nombre legal completo

b. fotografía reciente y de color

c. Fecha de nacimiento

d. Dirección actual y actualizada

e. actual ciudad, estado y código postal

F. Validez y fecha de vencimiento

3. También tendrá que mostrar el pasaporte y documento independiente.

4. Los solicitantes deben mostrar el permiso de conducir de los Estados Unidos.

5. También se requeriría que muestra el carnet de conducir.

6. Se le dará un número ITIN cuando muestre su número de identificación militar.

7. Usted también tiene que mostrar los certificados de nacimiento civiles para dependientes menores de 18 años de edad para obtener un número ITIN.

8. Para obtener un número ITIN, usted tiene que mostrar su tarjeta de identificación del estado de los EEUU.

9. Hay que mostrar el número de tarjeta de identificación militar extranjera.

10. Usted tiene que mostrar la tarjeta de registro del votante extranjero.

11. Tendrá que mostrar prueba de los registros médicos para los niños menores de 16 años de edad.

12. Se le requerirá mostrar la foto de Ciudadanía y Servicios de Inmigración para su identificación.

13. Mostrar el expediente escolar para los dependientes que son de 14-18 años de edad.

Si necesita ayuda para solicitar un numero ITIN para su esposa, favor de llamar al 407-344-1012, o visitar www.numeroitin.com  

Tuesday, October 11, 2016

IRS ITIN Tax Number For Amazon Sellers

IRS ITIN Tax Number For Amazon SellersOnce you have understood the benefits and have fulfilled the eligibility requirements of obtaining an ITIN, you can submit the application for it either through mail, in-person or through an IRS acceptance agent. Whichever method you choose, the procedure of submission will remain the same. If you have decided to apply for an ITIN number for Amazon sellers, then here's how you proceed.



For help applying for your ITIN number call 407-344-1012 or visit www.itinnumberonline.com

1.    Through Mail


Firstly, ITIN applications cannot be submitted on the internet. Download and print the latest version of the W-7 form from the official website of the IRS. There are 8 boxes from 'a' to 'h' and you need to tick the correct box or boxes, to explain the reason for which you are submitting the W-7 form.

As a general rule check the boxes 'b', 'c', 'd', 'e', 'f' or 'g' on the W-7, because you will be filing for a federal tax return as well. The W-7 records your biographical information. Non-resident aliens who are filling the W-7 should check the boxes 'a' and 'h' for tax treaty benefits.

If you fill the W-7 incorrectly or check the wrong boxes, you might get a temporary ITIN number for Amazon sellers. So make sure you fill the W-7 form correctly and attentively. Here is a brief explanation for what each box means. However, do not leave any section of the form blank; write down 'NA' (Not Available) for any field which is not applicable to you.

  • Box 'a' is for a non-resident alien who wants to get an ITIN in order to claim a tax treaty benefit. This is valid for the residents of those countries with whom the U.S. has an income tax treaty. If you are going to check this box, make sure to check box 'h' as well.

  • Box 'b' is for a non-resident alien who will be filing a tax return. This tax is compulsory to notify the IRS of an income, which is being generated from a business or a trade in the U.S. This box is also checked if only a tax refund is required.

  • Box 'c' is for those non-resident aliens who have been living and working illegally in the U.S. Although the USCIS has not given them permission to work, such individuals are still required to file a tax return.

  • Box'd' is for the dependents of a U.S. citizen or U.S. resident alien. These individuals are not eligible to receive an SSN. The dependents of U.S. military personnel are not required to submit an original or certified copy of their identification document though.

  • Box 'e' is for the spouse of a U.S. citizen or resident alien. The spouse may or may not be a resident alien and is ineligible for an SSN, but who is not subject to filing a tax return. The alien can also choose to file a U.S. tax return in a joint effort with their spouse. In such cases, this box needs to be checked.

  • Box 'f' is for a non-resident alien professor, student or researcher who has temporarily come to the U.S. to teach at a recognized educational institution, to attend a course or degree or to carry out research. If this box is being checked, you need to submit your passport with a valid U.S. visa.

  • Box 'g' is for the spouse or dependent of a person holding a valid U.S. visa. Such individuals are dependent on a tax return, but are not eligible to get an SSN. They have entered the U.S. with a non-resident person holding a U.S. visa. When checking this box, make sure to attach a photocopy of your visa with the W-7 form.

  • Box 'h' is for situations that have not been described in the previous boxes. If any of the reasons mentioned through box 'a' to 'g' are not applicable to you, check this box and describe your reason in detail for requesting an ITIN. Remember to attach supporting documentation as well.   


Afterwards, you need to attach a valid federal tax return to the W-7 application along with a set of supporting documents such as your genuine proof of identity like a valid passport or certified copies of the like. Furthermore, since you are an Amazon seller, you will also need to provide an official letter by Amazon for the purpose of an ITIN. You can request for the letter by contacting Amazon directly.

Please note that the IRS does not accept notarized copies of the passport anymore for the application of an ITIN number for Amazon sellers; instead, you have to submit copies of your identifying documents which have been certified by the issuing agency of the IRS.

The IRS also accepts original identification documents and has released a list of 13 documents that are accepted. These documents will be returned within 60 days of processing the W-7 form. The documents are listed below.

  • A stand-alone passport

  • Civil birth certificate (For dependents under 18 only)

  • Foreign driver's license

  • National identification card (Name, Date of birth, Address, expiration date, and Photo must be visible)

  • U.S. State identification

  • U.S. military identification card

  • U.S. driver's license

  • Foreign military identification card

  • Foreign voter's registration card

  • Medical records (For dependents under 6 only)

  • Visa

  • USCIS photo identification

  • School records (For dependents under 14 only, under 18 if a student)


You can then mail the completed application to the IRS. Since you are mailing your tax return form as an attachment to the W-7 form, don't send it to the address listed in the form 1040A, 1040 (the tax return form; also known as the U.S. Individual Income Tax Return), or 1040EZ.

Instead, mail the W-7, the tax return form, and the original or certified copies of your identification and foreign status documents to this address:

Internal Revenue Service

Austin Service Center

ITIN Operation

Austin, TX 78714-9342

P.O. Box 149342

An application for the ITIN number for Amazon sellers can be made anytime during the year as there is no restriction. However, you have to ensure the tax return is filed before its due date; otherwise, you might be liable to pay a penalty.

Once your application is received, it will be verified and if you are eligible for an ITIN, a letter will be issued by the IRS containing your ITIN within a period of six weeks. If you don't receive a letter within the allotted time, you can call the IRS hotline for information on your application status.



Source: http://www.itinnumberonline.com/itin-number-for-amazon-sellers/​

Friday, October 7, 2016

¿Cuánta Inversión Se Requiere Para la Visa E2?

¿Cuánta Inversión Se Requiere Para la Visa E2?Con el fin de aprender el núcleo de la cuestión, la cantidad de la inversión que se requiere para la visa E2, es necesario leer esta sección con mucho cuidado. Los que están tratando de identificar la cantidad de la inversión que se requiere para la visa E2 deben tener en cuenta que la inversión de la visa E2 es básicamente el costo que se requiere para pagar o poner un negocio. Si desea saber la cantidad de la inversión que se requiere para la visa E2 debe saber qué tipo de inversiones puede invertir o poner en las entidades empresariales.



Para informacion de visas e2 favor llamar al 407-344-1012 o entrar a www.myfreedomusa.com



Las inversiones son las transacciones financieras de la empresa. Los fondos son en realidad para el establecimiento y funcionamiento de la empresa. Pero todos los inversores deben tener en cuenta que los fondos que invierten en el negocio deben ser de una fuente legítima. No sólo esto, sino que también deben estar comprometidos irrevocablemente. Si los fondos no cumplen los dos requisitos básicos de origen es decir, legítimo y de compromiso irrevocable, el USCIS no permitirá que el inversor forme un negocio o resida en los Estados Unidos, incluso si poseen la visa E2.

A quienes les preocupa la cantidad de la inversión que se requiere para la visa E2, también deben saber que la inversión es requisito básico para formar una empresa en los Estados Unidos. A pesar de este hecho, los inversores no pueden invertir en el negocio como por su elección. Deben invertir la cantidad posterior dependiendo de la empresa. Sin embargo, no existe un límite específico, pero los expertos creen que la inversión con menos cantidad de dinero puede poner su visa de negocios en juego y se enfrentarán a un mayor escrutinio.

Los inversores que se preocupan por la cantidad de inversión que se requiere para la visa E2 quieren saber el límite exacto. Los propietarios de negocios extranjeros veteranos sugieren que la inversión mínima de dinero sea de $ 100.000 a $ 200.000 en el negocio. Pero también creen que la cantidad sustancial depende del tipo de negocio y la naturaleza.

Por lo tanto, si usted todavía está confundido sobre cuánta inversión se requiere para la visa E2, siempre se puede discutir de ello con su abogado de inmigración local. Pero asegúrese de darles todos los detalles acerca de su tipo de negocio y otra información relacionada.

Si no hay riesgo, no hay negocio!

Un negocio es todo acerca de los riesgos. Hay muchos inversores extranjeros que no quieren arriesgar su dinero y preguntan cuánta inversión se requiere para la visa E2. En realidad se preocupan por su dinero duramente ganado y las inversiones. Pero se olvidan de que no hay ganancia a menos que pongan su dinero en riesgo en el negocio. Con el fin de generar buenas y lucrativas fuentes de ingresos, se le requiere poner un poco de dinero. Así que si usted está preocupado por los costos de inversión, asegurese de que usted invierte cantidad subsiguiente en los Estados Unidos para obtener un estatus E2.



Fuente: http://freedomimmigrationusa.com/sp/cuanta-inversion-se-requiere-para-la-visa-e2/​

How to Get Credit Card With ITIN

How to Get Credit Card With ITIN

A lot of people in the United States who are ineligible for a social security number want to know how they can get a U.S bank issued credit card. There are a few ways to get a credit card without an SSN number. However, the easiest and safest way is using an ITIN number. Therefore, knowing how to get credit card with ITIN number is important. However, before we find out how to get credit card with ITIN number, let' see what social security number is and why it's important.



Your basic information such as your name, employment status, phone number, and U.S address is what a typical credit card application would require. The application would also ask for a United States social security number (SSN). Provided you meet bank requirements, social security number will make you eligible for credit cards in the U.S.



Generally, U.S citizens are assigned social security numbers shortly after they're born. When you work, social security numbers are used to keep track of your earnings for tax purposes. Furthermore, the credit history of most people is tied to their social security number. This means that a social security number allows a lender to see whether someone pays bills on time and the amount of debt he or she has.



Not considering political asylum seekers and refugees, foreigners living in the United States aren't automatically given social security numbers. For example, a social security number may not be issued to a foreigner who's attending school or working in the United States under a worker, student, or immigrant visa. The same is applicable for individuals with a green card who are not yet permanent residents.



Although it can cause inconvenience, not having a social security number does not prevent you from obtaining a credit card. If you are living in the United States and don't have a social security number, you can still apply for a credit card and obtain it. How? There are a few ways to do it. However, our focus is on the 'commonly used' and 'best' way to get a credit card without a social security number and that way is using ITIN number. So how to get credit card with ITIN number? Let's take a look.



Available to anyone who isn't eligible for a social security number, ITIN is issued by the Internal Revenue Service for tax purposes. How to get credit card with ITIN number? Financial institutions such as banks use ITIN to keep track of your credit history. In more many ways, an ITIN works just like a SSN. However, there is one major difference-you can obtain an ITIN regardless of your immigration status which is not the case with a SSN.



Today, there are many financial institutions that do not process a credit card application unless and until the applicant provides them his or her social security number. However, there are also some financial institutions that accept an ITIN for a credit card application. You already know how you can obtain an ITIN. Therefore, without wasting much time, we will get straight to the point-how to get credit card with ITIN number?



How to get credit card with ITIN number? Before we look into the process, let's take a look at the financial institutions that allow you to apply for a credit card with an ITIN. Following are the banks that allow you to apply for a credit card with an ITIN:




  • American Express

  • Bank of America

  • Capital One

  • Chase

  • Citibank

  • Discover



So how to get credit card with ITIN number? The aforementioned banks will not deny you a credit card on the basis that you do not have a social security number and are applying with an ITIN. However, they have the right to deny you the credit card if you don't have a credit history. It is important for you to keep in mind that you cannot transfer foreign credit to the U.S. Therefore, you'll have to build your credit history from scratch.



How to get credit card with ITIN number? Usually, people applying for a credit card with ITIN have to start with a secured credit card. This type of credit card requires a security deposit. When the card issuer is unable to determine your credit quality, the security deposit neutralizes any risks to them. The credit line that the card issuer will provide you will be equal to your security deposit.



The collateral for a traditional loan and the security deposit for a secured credit card are pretty much the same thing. On the plus side, even if you have no credit history, applications for secured credit cards are almost always approved. You might become eligible for a regular secured credit card if you manage the account responsibly for a year or so. What does managing your account responsibly mean? Managing your account responsibly means using your card responsibly and paying it off in full and on time.



How to get credit card with ITIN number? You will be able to set up a credit profile with the three 'big' credit bureaus once you use an ITIN to open a credit card account. The three bureaus you can build a credit profit with are:




  • TransUnion

  • Experian

  • Equifax



How to get credit card with ITIN number? You cannot transfer any foreign credit history that you may have your United States credit profile. However, you'll eventually set up a credit score if you maintain an efficacious payment history. This in turn will allow you to apply for other lines of credit or loans.


Source: ​http://www.itinnumberonline.com/how-to-get-credit-card-with-itin-number/

Best Immigration Attorney in Hunters Creek

Best Immigration Attorney in Hunters Creek

Top 2 Qualities of the Best Immigration Attorneys in Orlando, FL


While the immigration lawyers are responsible for so many immigration services, individuals should know that hiring the best immigration attorneys in Orlando, FL is the key. However, finding one may be a challenge, but we have come up with some qualities that you must see in them, ensuring their credibility.  



For more information about immigration services in Orlando, FL call 407-344-1012 or visit  www.myfreedomusa.com

1.    Immigration License and Certification


The immigration lawyers must have a license for the immigration services they render to their clients. The license is the form of official certification to them and hence a proof for their profession. These certificates ensure about their services and image in the market. The best immigration attorneys in Orlando, FL would have American Immigration Lawyers Association (AILA) certification.

2.    Professional Attitude


The lawyer who is professional at work would surely give you the best of their services. After looking through their certification, you must see if they possess a professional attitude. With professionalism, we mean that they should be open about the fee structure and payment modes. Also, they should be reasonable with the rates and negotiate if need be. In addition, they should be professional enough to maintain their online identity also in form of the website or social media platform.  

What to Look For in the Best Immigration Attorney in Orlando, FL?



Reviews and Testimonials


Before selecting any lawyer, you should go through their testimonials and reviews of a specific lawyer. Testimonials on the website could be both, negative and positive but they are honest. A lawyer having a long trail of satisfied and happy clients would definitely be the best immigration attorney in Orlando, FL. These testimonials and reviews are indicators about the credibility and reliability of the lawyers, so, always go through them and make your decision smartly.  

The immigration lawyers in Orlando, FL are required for a variety of services therefore one must always choose the best immigration attorney in Orlando, FL for efficient services. Do not forget to check out the reviews and qualities when selecting your immigration lawyer. Good luck! 



Source:http://freedomimmigrationusa.com/best-immigration-attorney-in-orlando-fl/​