Taxes for US businesses

The type of business you operate determines what taxes you must pay and how you pay them. Below are five general types of business taxes:

  • Income Tax

  • Estimated Tax

  • Who must pay estimated tax?

  • Self-Employment Tax

  • Excise Tax
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A guide to Gift tax for US Expats

As a US citizen who has received foreign gifts of money or other property, you may need to report any gifts your receive from a foreign person on a Form 3520. A Form 3520 is an informative return, not a tax return, because foreign gifts are not subject to income tax. However, there are significant penalties for failure to file a Form 3520 when it is required.

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