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Taxes

How to apply for an ITIN in the U.S.: Requirements and steps

How to Apply for an ITIN: A Guide for Non-Residents

February 19, 2025

If you need to comply with tax obligations in the United States but are not eligible for a Social Security Number (SSN), applying for an ITIN (Individual Taxpayer Identification Number) is essential. This guide explains what an ITIN is, who needs to apply, and the step-by-step process, along with required documents and processing times

Essential Tax Forms for Filing in the U.S.

Key Tax Forms Guide for Filing Taxes in the United States

February 10, 2025

Understanding tax obligations in the United States is crucial for business owners and entrepreneurs, both domestic and foreign. This article explores the key tax forms you need to know to meet your tax responsibilities: Form 1065 for partnerships, Form 1040/1040NR for resident and non-resident individuals, Form 1120 for corporations, and Form 5472 for certain foreign-owned entities. We’ll analyze the purpose of each form, who is required to file them, and their filing deadlines.

Calculate and Pay Sales Tax in Texas in 2025

Everything You Need to Know About Sales Tax in Texas in 2025

February 4, 2025

Sales tax in Texas is a key tax obligation for businesses selling taxable goods and services in the state. With a state base rate of 6.25% plus potential local taxes, understanding the details is essential to comply with regulations and optimize your operations. This blog explains how to calculate, file, and pay sales tax, along with the key deadlines you should know for 2025.

Withholding Taxes for Non-Resident LLC Owners | 2025 Guide

Tax Withholding for Non-Resident LLC Owners: Everything You Need to Know

February 3, 2025

In this blog, we explore key aspects of withholding taxes for non-resident LLC owners in the United States. You’ll learn about FDAP and ECI income, withholding tax rates, and how tax treaties can help minimize your liabilities. We also cover key deadlines, required documentation, and practical tips to ensure your LLC stays tax compliant.

What Is Use Tax? | Complete Business Guide 2025

Use Tax: What It Is, How It Works, and Its Implications

January 31, 2025

In this blog, you’ll discover what use tax is, how it works, and how it differs from sales tax. We’ll explain which types of goods and transactions are subject to this tax, which states enforce it, and how to stay compliant with tax regulations. If you operate across state lines or in e-commerce, this guide will help you avoid penalties and efficiently manage your tax obligations.

Tax Credits and Deductions for Businesses in the U.S.: How to Optimize Your Tax Return

January 28, 2025

Did you know your company can significantly reduce its tax burden through credits and deductions? This blog explores key opportunities offered by the U.S. tax system, how to apply them correctly, and the benefits of optimizing your tax return in 2025.

Tax Deductions for Non-Residents in the U.S.

Tax Deductions for Non-Residents in the United States

January 22, 2025

Did you know that non-residents in the United States can take advantage of tax deductions? This blog explains how to deduct office expenses, business vehicles, technology equipment, and more. We also provide practical tips to optimize your tax return and reduce your tax liability.

Penalties for Not Filing Taxes in the U.S. 2025

What Are the Penalties for Not Filing Your Business Taxes in the U.S. in 2025?

January 16, 2025

Filing taxes on time in the U.S. is not only a legal requirement but also a way to avoid fines and financial issues. Discover the penalties businesses like LLCs, S-Corps, and C-Corps may face in 2025 and how to meet your tax obligations on time.

Sales Tax Filing Deadlines in the U.S. 2025

Key Dates for Filing Sales Tax in the U.S. in 2025

January 15, 2025

This blog outlines the 2025 deadlines for filing Sales Tax, helping you avoid penalties and stay compliant with regulations.

W-2 Form: What It Is and How to Comply in 2025

W-2 Form: Everything You Need to Know in 2025

January 14, 2025

The W-2 form is crucial for tax compliance in the United States. This guide explains what it is, who must file it, how to do it correctly, and key deadlines in 2025. Learn the differences between the W-2 and 1099, and the consequences of missing deadlines. Need help? Our expert team is ready to guide you.

Taxes for Businesses in the U.S.: Complete Guide

What Taxes Does a Business Pay in the United States?

January 13, 2025

If you own a business in the U.S., it’s essential to understand the taxes you need to pay and how to comply with tax obligations. This blog explains the main taxes for businesses, how they work at the federal, state, and local levels, and key deadlines to avoid penalties

Maximize Your Deductions with Section 179

How to Maximize Tax Deductions in the U.S.: Section 179

January 9, 2025

Section 179 allows businesses to immediately deduct the cost of certain assets, helping them save on taxes. Learn how it works, its limits, and how our accounting plans can optimize your finances.

Sales Tax Changes 2025: A Complete Guide

Sales Tax Changes in 2025: Everything You Need to Know

January 9, 2025

Sales Tax in the United States will see significant changes in 2025. This blog explains the key updates in rates, who will be most impacted, important dates, and how to prepare your business to comply with new rules.

Form 1099: Complete Guide for Business Owners

Form 1099: Everything You Need to Know as a Business Owner or Entrepreneur

January 8, 2025

Form 1099 is essential for reporting income or payments to the IRS in the United States. This article explains what it is, who it applies to, the most common types (such as 1099-NEC, 1099-MISC, 1099-DIV, and 1099-INT), how to file it, and what happens if you don't.

Learn How Multi-Member LLCs Are Taxed in the U.S.

How Are Multi-Member LLCs Taxed in the U.S.?

December 19, 2024

Multi-member LLCs offer operational and tax flexibility for their owners, but their taxation can be complex. This blog explains how these entities are taxed, how profits are distributed among partners, and what strategies you can use to optimize your tax burden.

How Businesses Are Taxed in the U.S.: Benefits vs. Latin America

How Do Businesses Pay Taxes in the United States: Benefits and Comparison with Latin America

December 17, 2024

Learn how businesses are taxed in the United States and the fiscal advantages compared to Latin America. Discover tax rates, state benefits, and credits that make the U.S. an attractive destination for international businesses.

Tax Strategies for Freelancers: Reduce Your Taxes in 2025

How to Optimize Your Taxes as a Freelancer: Tax Strategies for 2025

December 16, 2024

As a freelancer, this blog will help you understand how to reduce your tax burden in 2025 through key deductions and strategies. We explore the benefits of establishing a business in favorable states like Florida, Delaware, Texas, or Wyoming to protect your income and maximize profitability.

Income Tax Deadlines: Key Dates for 2025

When Do You Need to File Your Income Tax in the U.S. for 2025?

December 12, 2024

This blog outlines the key deadlines for filing Income Tax in the U.S. for 2025. It includes a breakdown by business type (LLC, S-Corp, Corp) and highlights available extensions. It also discusses the importance of meeting these tax obligations and how we can help you manage them effectively.

What Taxes Must a Business Pay in New York?

What Taxes Does a Business Pay in New York?

December 11, 2024

Learn about the main taxes businesses must pay in New York, including Sales Tax, Corporate Income Tax, and Property Tax. Understand how to manage your tax obligations efficiently and avoid costly penalties.

Taxes for an LLC in Florida: Everything You Need to Know

What Taxes Does an LLC Pay in Florida?

December 10, 2024

Do you have an LLC in Florida or are you thinking of starting one? Knowing your tax obligations is essential to optimize your resources and avoid penalties. In this blog, we explain the taxes you must pay, how they work, and the tax advantages Florida offers. Plus, find out how our accounting services can help you stay compliant.

What Taxes Does a Business Pay in California?

December 9, 2024

Discover the main taxes that businesses in California must pay, including Sales Tax, Corporate Income Tax, and Franchise Tax. Learn how to efficiently manage your tax obligations and avoid penalties.

Sales Tax Rules in the U.S.: Origin-Based vs Destination-Based

Origin-Based vs Destination-Based: Everything You Need to Know About Sales Tax in the U.S.

December 5, 2024

Understanding the differences between origin-based and destination-based sales tax in the U.S. is key to properly managing your business taxes. This blog explains how these rules work, which states apply them, and how they impact your operations. Plus, learn how we can help you stay compliant and manage your local tax obligations.

Marketplace Facilitator Law in the U.S.: Complete Guide for 2024

Marketplace Facilitator Law: What Is It and How Does It Impact Your Business in the U.S.?

December 4, 2024

If you sell products through platforms like Amazon or eBay, the Marketplace Facilitator Law directly impacts you. This legal framework shifts the responsibility for collecting and remitting sales taxes to marketplace facilitators. In this blog, we explore how the law works, which states enforce it, and how it affects sellers. Plus, discover how we can help you manage your business accounting and ensure tax compliance.

What is FIRPTA and How Does It Affect Foreign Investors?

FIRPTA: What You Need to Know About Tax Withholding for Foreigners

December 4, 2024

FIRPTA is a tax regulation that affects foreigners selling properties in the U.S., requiring a 15% withholding on the sale price. In this blog, we explain how it works, ways to minimize its impact, and why professional accounting advice is essential for compliance.

CPA for Taxes in the U.S.: How to Choose the Right One

Do You Need a CPA for Your Taxes? Everything You Need to Know

December 3, 2024

Choosing a CPA for taxes is key to ensuring compliance and optimizing your finances. This blog explains what a CPA does, how to find the right one, and why it’s essential for businesses and entrepreneurs in the U.S. Prodezk helps you prepare, file, and optimize your tax returns.

Taxes in Wyoming for an LLC: What You Need to Know

November 28, 2024

Learn how LLCs are taxed in Wyoming with this complete guide. Discover the taxes that affect your business, such as the Sales Tax, and the fees associated with the Annual Report.

Taxes in Delaware: What Does a Business Have to Pay?

November 27, 2024

If your business is based in Delaware and you’re unsure about which taxes you need to pay, this guide explains the key tax obligations, including the Franchise Tax, Gross Receipts Tax, and Corporate Income Tax. Learn how to leverage Delaware’s tax advantages for your business.

Learn About the Taxes Businesses Pay in Texas

What Taxes Does a Business in Texas Pay?

November 27, 2024

If you have a business in Texas and are unsure about the taxes you need to pay, this guide explains everything, including how we can help you calculate the Franchise and Sales Tax to optimize your business profits.

Strategies to Optimize Tax Payments in the U.S.

November 26, 2024

Learn key strategies to optimize tax payments in the U.S., from leveraging deductions to selecting the right tax structure. Discover how to maximize your financial benefits.

Tax Table for Businesses in the U.S. in 2025

What is the Tax Brackets for Businesses in the U.S. in 2025?

November 20, 2024

The 2025 tax season brings significant updates to U.S. business tax rates. In this guide, we review the new IRS tax table, notable changes, and best practices to optimize your tax payments.

2025 Tax Season: Complete Guide to Changes and Tips

2025 Tax Season: Key Changes and How to Prepare

November 7, 2024

As tax season in the U.S. approaches, we offer a complete guide on changes to the tax brackets for 2025. Discover updated rates, deductions, benefits, and strategies to make the most of the fiscal adjustments, ensuring an optimized tax return for the upcoming year.

What is the Gross Receipts Tax and How Does It Affect Your Business?

November 1, 2024

We explain what the Gross Receipts Tax is, how it works, and which states apply it. We also detail how this tax can affect your business's profitability and how to prepare to manage it efficiently.

Guide to Filing Business Taxes in the U.S. | Prodezk

Guide to Filing Business Taxes in the U.S. in 2025

October 28, 2024

Learn how to file your business taxes in the U.S. and ensure compliance with all tax obligations. Discover the main taxes, key deadlines, and tips to optimize the process and maximize tax benefits.

How to Avoid Double Taxation When Starting a Business in the U.S.

How to Avoid Double Taxation When Starting a Business in the United States

October 22, 2024

Learn how to avoid double taxation when starting a business in the U.S. by using international tax treaties and strategies like tax credits and proper structuring. Ensure your business is well-protected with the right tax planning.

What is IRS Form W-8BEN and Why Is It Important for Receiving U.S. Income?

What is Form W-8BEN and Why Is It Important for Receiving U.S. Income?

October 3, 2024

IRS Form W-8BEN is essential for any non-resident earning income from U.S. clients or platforms. In this blog, we explain what it is, who needs to submit it, and how to complete it correctly to reduce withholding taxes.

What is IRS Form W-9?

October 1, 2024

Find out more about IRS Form W-9, who needs to submit it, and why it’s crucial for anyone earning income in the U.S.

Essential Accounting Tips for Foreign Entrepreneurs in the U.S.

October 1, 2024

Learn how to manage your business accounting in the U.S. with this essential guide. Discover the tax requirements for foreign entrepreneurs, the most useful accounting tools, and the steps to comply with IRS regulations.

What is the Franchise Tax?

October 1, 2024

Discover what the Franchise Tax is, how it is calculated, who must pay it, and why it is crucial for your business.

Tax Rates in the U.S. vs. LATAM: Corporate and Personal Taxes

What Are the Tax Rates in the U.S. vs. LATAM?

September 23, 2024

Learn about tax rates for businesses, personal income, and sales taxes in the U.S. compared to Latin America (Colombia, Argentina, Mexico, Peru, Chile, and Ecuador).

What Taxes Does an LLC Pay in New Mexico?

September 17, 2024

New Mexico is an ideal location for starting businesses due to its tax advantages, privacy protection, and legal flexibility. With over 4,000 LLCs registered in 2023, the state offers a simple process and benefits such as no property taxes and anonymity in public records.

Optimize Taxes with an LLC in the U.S.: A Guide for Freelancers

September 11, 2024

Learn how to optimize taxes with an LLC in the U.S. as a digital nomad or freelancer by exploring key strategies like business expense deductions, pass-through taxation, and leveraging international tax treaties.

Complete Guide to Taxes in Florida

September 6, 2024

Find out about tax rates, exemptions, and how to stay compliant with Florida’s tax requirements to maximize your benefits.

How to Verify You Filed Your U.S. Tax Return Correctly?

September 5, 2024

This article guides you on how to know if you have correctly filed your tax returns in the United States, highlighting common errors and IRS penalties.

What Is Payroll? Guide for Latino Entrepreneurs in the USA

September 3, 2024

This blog explains what payroll is, how it works in the United States, and why it is crucial for the success of your business.

How Does Payroll Work in the United States?

August 29, 2024

This article offers a comprehensive guide on how payroll works in the United States, explaining key components such as gross income, deductions, and employer contributions.

How to Know If You Filed Your Tax Return Correctly

August 26, 2024

We provide a complete guide on how to know if your tax return was filed correctly, highlighting the importance of checking the IRS receipt, verifying entered information, and using online tools to check the status of your filing.

How to Charge Sales Tax on Shopify

August 20, 2024

This article explores how sales tax applies on Shopify, highlighting the implications for sellers and how to set it up correctly.

How Much Tax Does a Corporation Pay in the United States?

August 20, 2024

Discover how much tax a corporation pays in the United States, the benefits, and the tax differences compared to Latin America.

Steps to Declare Your YouTube Income Without Overpaying

August 19, 2024

In this blog, we explain how to declare your YouTube income efficiently without overpaying. We explore tax obligations, income and expense tracking, issuing receipts, and strategies to optimize your tax return.

Sales Tax for Marketplaces: How to Calculate It

August 16, 2024

This article explains how sales tax is calculated for marketplaces, highlighting the implications for sellers and how to set it up correctly.

How Does Sales Tax Apply on Amazon?

August 15, 2024

This article explores how sales tax applies on Amazon, highlighting the implications for sellers and the trend of dropshipping. It provides a guide on how to set up and manage sales tax in Amazon Seller Central.

Sales Tax on Digital Sales in the U.S.: How Does It Apply?

August 14, 2024

This article explains how sales tax works on digital sales in the United States, which products and services are subject to this tax, and how sellers can ensure compliance with tax regulations.

How Does Sales Tax Apply in Florida?

August 13, 2024

This article explains how sales tax works in Florida, which goods and services are subject to it, and the obligations of sellers.

What Can an Artist Deduct on Their Tax Return?

August 9, 2024

This article explains how artists can calculate sales tax in the United States, including when and in which industries it applies.

How to Calculate Sales Tax in the United States

August 8, 2024

This article explains how to calculate sales tax in the United States, including when and in which industries it applies.

30% Tax Withholding with Your Distributor: Can It Be Avoided?

July 19, 2024

Explore how to avoid 30% tax withholding on your earnings from distributors and digital platforms by creating a business in the United States. Learn about the benefits of tax treaties, choosing the right business structure, and the necessary steps to register and manage your company.

Tax Strategies for Influencers: Reduce Your Tax Burden

Tax Strategies for Influencers: How to Reduce Your Tax Burden

June 26, 2024

Discover how influencers in Latin America can reduce their tax burden with effective tax strategies. Learn about deductions, setting up businesses, and more.

How to Avoid the 30% Withholding Tax on YouTube Earnings

June 20, 2024

YouTube has become a vital platform for many content creators, allowing them to monetize their videos and build successful careers.

How much tax does an LLC pay?

February 29, 2024

Discussing taxes in relation to a Limited Liability Company (LLC) in the United States involves understanding the different structures and tax obligations surrounding such entities.

Guide for Tax Management and Filing in the U.S. for Businesses

November 15, 2023

Paying taxes for businesses and individuals is a fundamental part of financial management, and having the right documentation is crucial to meet tax obligations.

The History of the IRS: The U.S.'s Most Important Tax Agency

September 27, 2022

In this post we explore the history of one of the most recognized U.S. federal entities in the world and how was the U.S. tax system formed.

11 important points in the tax reform

August 19, 2022

In this post we analyze the tax reform that was presented in the government of Gustavo Petro.

Why is it cheaper to pay taxes in the United States?

August 5, 2022

In this post we make a comparison between some taxes levied in the United States compared to Latin America. Where is it better to pay taxes and why?

In which U.S. state should you open your business?

August 4, 2022

There are several indexes that allow to evaluate in which U.S. state Latin American entrepreneurs should internationalize their business, in this entry the tax climate index in the United States.

Recession Fears: Should Latin Entrepreneurs Move Assets to Safer Economies?

July 22, 2022

In this post we answer several questions that are asked in the midst of the economic crisis that has resulted in the escalation of the dollar in Latin America. Do leftist governments have anything to do with this crisis?

Myths and Facts: Everything You Should Know About U.S. Taxation

June 17, 2022

Many myths have been woven around taxation in the United States. Some are true, others are speculations and misinterpretations. That is why we decided to write this post. Draw your own conclusions.

This is how payroll works in the US

June 1, 2022

In this post, we will give you a context of what is happening in terms of salaries in Latin America, and we will tell you how payroll works in the American giant. If you are thinking of having employees in the USA this may be of interest to you.

Are you a resident of the United States for tax purposes?

October 30, 2021

Many of our clients ask us if the type of VISA is related to the way they pay taxes within the United States as foreigners and the answer is no. To declare as an American resident, you must compulsorily meet some requirements.

Everything You Need to Know About Sales Tax in Florida

Sales tax in the state of Florida

October 30, 2021

Sales Tax is an American state tax where sales of certain goods, services, and leases are taxed. Florida is the state with the highest demand due, that’s why we will address different aspects related to the sales tax in the state of Florida.

Taxation of nonresidents aliens.

October 30, 2021

An alien is any individual who is not a US citizen. A nonresident alien is a person that has not passed the green card test, the substantial presence test, or has not actually been in the country for more than 183 days.

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