Law Office of Yoel Molina, P.A.

 

Phone: 305-548-5020, option 1

Email: fd@molawoffice.com

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Law Office of Yoel Molina, P.A.

10 THINGS THAT BUSINESSES AND INDIVIDUALS ABROAD SHOULD KNOW ABOUT U.S. TAX LAWS

19 August 2023

By Yoel Molina, Esq.

 

Email: fd@molawoffice.com | Office: 305-548-5020 2655
S. Lejuene Road, Suite 500 Coral Gables, FL 33134

 

As a corporate lawyer in Miami, Florida, I have assisted many companies and individuals abroad in establishing and operating businesses in the United States. One of the most crucial areas where guidance is needed is U.S. tax law. If you are a foreign company or individual planning to start a business in the U.S., here are 10 things you should know about U.S. tax laws:
 

Income Tax: Businesses in the U.S. are subject to federal income tax and, in many cases, also state income tax.
 

Sales Tax: Businesses in the U.S. may be subject to state and local sales tax, depending on location and the type of product or service they offer.
 

Payroll Tax: Employers in the U.S. are required to withhold and pay payroll taxes on behalf of their employees.
 

Dividend Tax: Companies may be subject to taxes on dividends paid to shareholders.
 

Capital Gains Tax: Businesses and individuals in the U.S. are subject to capital gains tax when selling certain assets, such as stocks and properties.
 

International Tax Laws: Foreign businesses and individuals conducting business in the U.S. are subject to various international tax laws, including the Foreign Account Tax Compliance Act (FATCA) and the Foreign Bank Account Reporting (FBAR) regulations.
 

Tax Treaties: Tax treaties between the U.S. and other countries can impact how foreign businesses and individuals pay taxes in the U.S.
 

Tax Deductions: Businesses and individuals in the U.S. may qualify for various tax deductions, such as business expense deductions and charitable contribution deductions.
 

Tax Planning: Proper tax planning can help reduce the tax burden for businesses and individuals in the U.S.
 

Tax Compliance: Businesses and individuals in the U.S. must adhere to all applicable tax laws and file tax returns and other forms in a timely manner.
 

If you need guidance on U.S. tax laws, I am here to assist you. As a corporate lawyer in Miami, Florida, I have the experience and knowledge to navigate the complexities of U.S. tax laws. My firm has been rated excellent on AVVO, and I have a 5-star rating on Google, showcasing my commitment to providing exceptional legal services to clients.
 

If you're interested in learning more about how I can assist you with your business legal needs in the United States, I invite you to schedule a consultation with me today.

 

www.yoelmolina.com 

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