FAQs

The ITIN, in addition to being used for filing taxes, can also be tied to your bank accounts and consistent payment will generate your credit score with the credit agencies: Experian, Transunion and Equifax, which are used by banks and other institutions when issuing lines of credit.

It is important to note that:

• It can help you prove that you have good moral character and that you were present in the United States if you have the right to apply for an immigrant status.

It may allow you to open a bank account and as mentioned above establish a financial history.

The Internal Revenue Service does not share information about ITIN taxpayers with the Bureau of Citizenship and Immigration Services or Immigration and Customs Enforcement (ICE).

TheTax ID (ITIN) is a tax processing number issued by the Internal Revenue Service (IRS) to ensure that people (including unauthorized immigrants) pay taxes. Even if they do not have a Social Security (SSC), and regardless of the status of Immigration, many immigrants have ITINs. People who do not have legitimate status in the United States can obtain an ITIN.

An ITIN is not a work permit, the Tax IDs are for Federal income tax purposes only. Getting an ITIN does not change your immigration status or your right to work in the United States. It is not an SSN, and you should not submit work applications using a Tax ID (ITIN). Nowadays, the government makes an E-verify system available to all employers which allows them to verify the validity of the number used in work applications

A Tax ID or ITIN NUMBER is an identification number used by foreigners who are physical taxpayers but cannot obtain a Social Security Number (SSN) to declare their taxes and obtain a refund of the income withheld by the IRS. Those who are not eligible for a Social Security Number (SSN) can obtain an ITIN, regardless of their immigration status or country of origin. People often need a Tax ID because they have been advised by a bank that they cannot open a bank account without that number even if the account is opened by a non-profit organization.

The Employer Identification Number (EIN) is a unique number for commercial entities operating in the United States. It is a nine-digit number assigned by the Internal Revenue Service (IRS), and has a function similar to the CNPJ, used in Brazil.

The EIN is also known as Federal Employer Identification Number (FEIN) or Federal Tax Identification Number.

No, but we emphasize innovative solutions to a wide range of business problems, especially geared towards our foreign clients. We are always innovating and seek to present clear language options to our customers.

We offer a large number of services, including financial statement audits and accounting reporting reviews. We work together with offices specialized in tax planning and advocacy services, we have excellent knowledge regarding the Real Estate market, QuickBooks software consulting, business consulting and business evaluations.

We serve a variety of individuals, non-profit organizations, corporations and partnerships from various industries. For the Dominium Consulting team, providing each client with spectacular customer service is our highest priority.

We are prepared to work on completing the forms for FIRPTA. In addition to the inheritance tax, the tax law that most affects foreign citizens who hold property in the US is FIRPTA – Foreign Investment in Real Property Tax Act.

It doesn’t matter if there was no profit in the provision or if it was a donation, it is still necessary to make calculate the retention according to the fair market value.

It is very important to send all forms to the IRS, requesting a certificate of exemption.

For your information, the government may take about three months to issue this certificate, which may cause considerable delays. Also, don’t forget to apply for an ITIN number, also known as tax ID.

If you are a nonresident doing business in the USA, you must apply for an Individual Tax Identification Number (ITIN). This usually is done when you submit a tax return or application to FIRPTA. It is also common for investors to apply when looking  to qualify their properties for Section 8 Housing. Fill out our online form so we can start your process.

Bookkeeping is the reconciliation of transactions, where monthly reports are made on your accounting entries. Just like in Brazil, It is not a mandatory service to have a dedicated accountant for your company. However, income taxation is mandatory, and for those who are focused on developing their business and not aware of the US laws, it is best to hire someone in this field, ensuring that everything is done correctly.

The income statement (W-2) is filed only once after the end of the fiscal year which begins on January 1 and ends on December 31 of the same year.

Dominium Consulting has extensive experience to help you meet all the requirements of the State Government and the Internal Revenue Service (IRS), preventing your company from being affected by negative results.

The ’action branch’ of each company needs to meet specific requirements. We offer personalized advice and guide you in the best way, taking into account your goals. Our work is based on valuing what your business needs and always moving towards success.

For those who want to open their business or already have one, it is important to know your obligations and also what should be paid to local, state and federal authorities. Regardless of what sector your business is in, we guarantee that all procedures will be carried out the right way.

No. While we strive to provide maximum convenience to our customers, the practice of offering virtual services can combine document automation and technology with the personalized attention of a licensed professional. But depending on the customer’s needs, this interaction may require in-person representation, by the company or customer. However, man of the situations we work with you on can be done completely online.