If you are doing business in the U.S. you may be required to file us corporate tax returns and/or information returns even if the activities are limited. Failing to comply could result in large penalties. As a foreign company with US income your income will be taxed up to 30%. This includes income from any trade or business in the US or the receipt of any US dividends, interest or royalties.
If your company is doing business in the US or receiving income from the US you will have unique tax obligations and must file a US tax return in order to declare your income and claim any refunds of US tax you have overpaid.
At Copetti & Co. we can assist in filing necessary forms and claiming any tax treaty benefits or US tax refunds you may be entitled to.
601 Brock St.
Whitby, ON L1N 4L1
P: 905-666-2111 | F : 1-888-271-2778
50 Commercial Ave.
Ajax, ON L1S 2H5
P: 905-686-2407 | F : 1-888-271-2778