What Tax Forms Should Every Nonresident and Nonprofit Organization Fill in The US
In the United States each individual or legal entity has to prepare various tax forms in order to calculate correct amount of federal tax to be deducted or to report financial details to the IRS. There are situations when individuals and legal entities may claim tax exemption. Here find tax forms that will help you save money and not to pay extra taxes.
IRS-990 Form
This form is a Return of Organization Exempt from Income Tax and it is usually filed with the IRS by nonprofit organization. It contains details about organization`s financial activities and it always should be submitted on annual basis. Note that in case of failure to submit this document for 3 fiscal years, the IRS have the right to revoke the tax exempt status of your nonprofit organization. On this website you may find a fillable
IRS-990 form in pdf that may be downloaded on a computer or filled out online in no time. Complete a form sample with the following details:
- name of organization and description of its financial activities;
- organization`s financial activities for specified fiscal period;
- program service accomplishments;
- data about other IRS filings and tax compliance;
- amount of compensation of organization`s members;
- amount of profit and expenditures;
- financial statements and reporting for specified period.
Form IRS W-8BEN
This form is usually prepared by the U.S. employers who are not the citizens or residents of the United States. It is used in order to avoid double taxation in the U.S. and country of citizenship. Using this document, a foreign individual can confirm that he/she isn't the U.S. taxpayer. On this source find an editable
sample of W-8BEN online that can be customized to meet your tax needs. Fill out a blank sample according to the following instructions:
- provide individual`s personal details, i.e. name, personal details, address, U.S. taxpayer and foreign tax ID number, reference number and date of birth;
- furnish details about type of income, rate of withholding etc.;
- declare that you have examined all information specified in a document and confirm that all details furnished are true and correct.
After documents are completed check if all data is correct and sufficient to avoid request to add information or rejection. You are also provided with an ability to sign a document electronically as well as submit it to the recipient straight from the website.
