Tax management for individuals and business in the U.S.

Any person who generates income from sources within the U.S.-whether a resident or nonresident-is subject to the U.S. tax rules. Internal Revenue Code (IRC). This includes:

• Citizens and permanent residents (global obligation).
• Non-resident aliens with income connected to the U.S.
• Owners of LLCs or corporations.
• Freelancers or freelancers with U.S. clients.
• Investors or partners in American companies.

Obligations vary according to immigration status, type of income and legal structure of the entity.

Some of the most common forms are:

• Form 1040 / 1040-NR: Personal declaration (residents and non-residents).
• Form 1120 / 1120-SCorporations (C-Corp and S-Corp).
• Form 1065Partnerships and some LLCs with multiple partners.
• Form 5472: Mandatory for foreign single-member LLCs with EIN.
• Schedule C: For self-employed or freelance income.
• Form 8832 / 2553: To change the tax classification of an entity.

The Tax management for individuals and business should consider all these documents, and the choice of which one applies depends on the tax structure and situation of each case.

• Individuals (Form 1040/1040-NR): April 15.
• Corporations (Form 1120): April 15 (if fiscal year is calendar year).
• S-Corps and Partnerships (Forms 1120-S and 1065): March 15.
• Foreign LLCs (Form 5472 with 1120): April 15.

Extensions may be requested, but must be made before the deadline. Penalties for late or incorrect returns can exceed $25,000 per form, especially in cases of foreign LLCs (see: IRC §6038A).

The IRS imposes penalties that can be economic, legal and even criminal in serious cases of evasion. Some consequences:

• Fixed penalties for omitted forms: From $210 to $25,000 or more per year.
• Interest on unpaid balances.
• Loss of tax benefits and deductions.
• Limitations on the ability to operate legally in the U.S.

The Tax management for individuals and business is not optional, especially if you wish to maintain a clean tax record and continue doing business in the country.

• Full compliance with IRS and state regulations.
• Identification of deductions, tax credits and savings opportunities.
• You avoid common mistakes that lead to audits or penalties.
• Bilingual and specialized support for international business.
• Personalized annual tax planning strategies.

It is not only a matter of declaring, but also of optimize and protect your business or your assets.

Basic accounting records income and expenses. Fiscal management:

• Analyze how you are taxed according to your legal structure.
• Evaluate which deductions you can apply and how to document them.
• It prepares you to grow without tax surprises.
• Create strategies according to your industry, customer type and revenue.
• Complies with state, local and federal obligations.

In short: accounting tells you what happened. Fiscal management helps you decide what to do before it happens

Yes. If you are a foreign national earning income from U.S. sources - for example, as a freelancer, investor, partner in an LLC, or from rents - you are required to file with the IRS as non-resident alien (non-resident alien). In these cases, the Form 1040-NR.

In addition, if you are part of an LLC or partnership, you may also be required to file the Form 5472 and/or the Form 1065and request an ITIN to be identified in the tax system. In JJRB we guide you to avoid double taxation and comply with all the requirements from abroad.

The legal structure determines how and by whom taxes are paid:

• Single-member LLC: Taxed as an individual (Schedule C) or as a foreign corporation (Form 5472 + 1120 if the owner is a nonresident).
• LLC with several partners: It is considered a partnership (Form 1065).
• C-Corp: Pay taxes as an independent entity (Form 1120).
• S-Corp: Pass-through taxes are reported on Form 1120-S and Schedule K-1.

Choosing the right structure and understanding how it impacts on your Tax management for individuals and business is key to avoid tax overcharges or serious mistakes. At JJRB we analyze your case and advise you to choose the most efficient option.