Susan Turcotte
- Entity taxation
- Corporate tax strategies
- Deduction optimization
- Bachelors in Accounting, Bryant College in Smithfield RI
- Masters in taxation, Bryant College in Smithfield RI
Articles
FDAP income: What nonresident aliens and US expats need to know
FDAP income (Fixed, Determinable, Annual, or Periodical income) is a category of US-source income that the IRS taxes at a flat 30% rate when paid to nonresident aliens and foreign entities. FDAP covers interest, dividends, rents, royalties, and compensation from US sources. ...
K-1 vs 1099: what's the difference for US expats?
A Form 1099 reports payments or investment income paid directly to you – contractor fees, dividends, or interest. A Schedule K-1 reports your allocated share of income, deductions, or credi...