If you’re an Indian founder running a U.S.-based LLC, you’ll come across Form 5472 and Form 1120, two essential IRS filings required for foreign-owned companies. The IRS requires these forms to track foreign-owned companies doing business in the United States. In this blog, we will dive into what each of these forms is all about,

Understanding Form 1099 Form 1099 is an information return used to report certain types of non-employee payments to the IRS. The most common version that startups file is Form 1099-NEC, which covers payments made to independent contractors, consultants, and other non-payroll vendors. In simple terms, if your startup paid someone who is not on your

If you’re an India-based founder running a U.S. company, you must pay close attention to Form 1099. If your business pays U.S.-based freelancers or service providers, and the amount is $600 or more in a year, the IRS expects you to report it. Ignoring 1099 filing can lead to penalties and IRS notices, even for

If your business is building a product or investing in technical development but hasn’t generated income yet, you may still qualify for the R&D tax credit with no revenue. This powerful tax incentive allows early-stage startups to reduce their payroll tax liability, even before turning a profit. In this guide, you’ll learn how early-stage businesses

Filing for the R&D tax credit can unlock tens of thousands in cash savings, but only if done right. Founders often miss out due to common R&D Tax Credit Mistakes, like poor documentation or misunderstanding eligibility. This guide helps you avoid those pitfalls and claim your credit with confidence. This blog outlines the key mistakes

Why Understanding the ODI to APR Process Matters Understanding the ODI to APR lifecycle is essential if you are an Indian entrepreneur ready to grow your company abroad. From making investments in a foreign company to reporting its performance, every step requires compliance with the Reserve Bank of India (RBI). This guide outlines the entire