SSN Archives | EA Journal

Feature Article

Unmasking the Myths: Who Can Truly Be a Shareholder in an S Corporation?

Revisiting the Basics of the S Corporation: Nonresidents as Shareholders Small business corporations are more popular than ever. You hear about them on social media, and among the tax community. Indeed, sm... Fernando Juarez, EA, and Edgar Gonzalez, EA

Spring 2025, Feature Article, TCJA, Tax Cuts and Jobs Act, s corporation, c corporation, GILTI, nonresident alien, ITIN, small business, partnerships, beneficiary, controlled foreign corporation, CFC, SSN, §1362(d)(2), shareholders, double taxation, foreign bank account, green card test, substantial presence test, Treas. Reg. 1.1361-1(g)(1)(i), §7701(b)(1)(B), §7701, Office of the Chief Administrative Hearing Officer, OCAHO, Immigration Reform and Control Act of 1986, Immigration Act of 1990, electing small business trust, ESBT, tax treaty, global intangible low-taxed income, Form 8833, Treas. Reg. §301.7701(b)-7, INTL-121-90, §1361(a)(1), §1361(b)(2)(C), §1362(a), Treas. Reg. §301.7701(b)-7(a)(4), §957, §552

Preparation

Tax Complexities for Mixed-status Families

America: The bold, the beautiful, the ultimate melting pot, where people from all over the world come in search of opportunity, freedom, and the American dream. In their pursuit of a better life in this great country, immigrants may grow t... Brittany Sabalza, EA

Spring 2025, Preparation, TCJA, Tax Cuts and Jobs Act, immigrants, COVID-19, CARES Act, Social Security, EIC, additional child tax credit, ACTC, CTC, child tax credit, ITIN, individual taxpayer identification number, SSN, undocumented, mixed-status, §32(c)(1)(E), earned income credit, Center on Budget and Policy Priorities, CBPP

Representation

Key Considerations When Representing an Undocumented Taxpayer

Millions of American citizens and noncitizens alike have the obligation to pay income taxes every year. For undocumented immigrants, it is no different. In fact, undocumented workers paid $382.9 billion in federal taxes in 2022.i ... Brittany Sabalza, EA

Fall 2024, Representation, representation, immigrants, Form 1099, EITC, ACTC, CTC, §61, ITIN, SSN, §152, §32(c)(3)(A)), §2(b), §6041(a), undocumented, §301.7701, §6109