Elections Forms and Filings Internal Revenue Code Nonresidents

Benefits of Election 83(b) for Nonresidents

An individual who receives property in exchange for the performance of services generally would report the fair market value of that property received as ordinary income, subjecting the individual imposition…

Business Court Case Elections Entity Classification Tax Compliance

S-corporations, Nonresident Aliens and Community Property Laws

An S-corporation is a business entity in which all of the corporate income, losses, deductions, and credits each year are passed through to the shareholders for federal tax purposes.  Shareholders…

Compliance Issues Elections Forms and Filings Immigration

6013(g) Election – Treating a Foreign Spouse as a U.S. Resident

In situations where a U.S. resident is married to a nonresident, an election can be made under IRC § 6013(g) to treat that nonresident spouse as a resident alien for…