Starting a business involves making many decisions, including choosing the legal structure. One option is a disregarded entity, which isn’t recognized for corparate tax purposes. This means the owner reports the business’s income and expenses on their personal tax return, like a sole proprietorship. What is a Pass-Through Entity? A pass-through entity is a
If you are a business owner or are thinking of starting a business, you will need an EIN. It is important to understand why you need an EIN and how it can benefit you. An EIN, or Employer Identification Number, is a unique nine-digit number assigned by the IRS to identify the tax accounts of
If you are a non-resident alien in the US, you may have heard of ITIN, or Individual Taxpayer Identification Number – but what is it exactly and why do you need it? Simply put, an ITIN is a nine-digit tax identification number issued by the IRS to individuals allowing them to comply with the US
