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FAQs
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Do I need to fill out Form W-9 (US non-resident alien with an LLC in the US)?
A single-member LLC is by default a disregarded entity. Assuming you have not made a “check-the-box” election to have it treated as a corporation, this means for tax purposes, you are a sole proprietor.As a non-resident alien, you would not complete form W-9. You would likely provide form W-8ECI; possibly W-8BEN. -
How a Non-US residence company owner (has EIN) should fill the W-7 ITIN form out? Which option is needed to be chosen in the first part?
Depends on the nature of your business and how it is structured.If you own an LLC taxed as a passthrough entity, then you probably will check option b and submit the W7 along with your US non-resident tax return. If your LLC’s income is not subject to US tax, then you will check option a.If the business is a C Corp, then you probably don’t need an ITIN, unless you are receiving taxable compensation from the corporation and then we are back to option b. -
How do I find out whether I belong to the OBC creamy or non-creamy layer while filling out a form?
Please go to the caste census of 2011 to find out whether you are a backward caste . Then find out from the website of Backward Classes Commission whether you fall in OBC list .Having found that , the criteria is as under -You will be in non-creamy layer if your parents’ total annual income is not more than Rs.8 lakh . Your own income , if any , is not included . Any agricultural income of your parents is also not included . -
How can I afford out non resident tuition? I have Been on my own since I was 15, and apparently make a little much to get alot of need based aid.
Look, the way to shop for a college is to look at the costs and likely aid first, then choose where to go. Your way is backward and can lead to disappointment.I am counseling an independent student who wants to wait to figure things out before attending college but I have shown him that once you start working, a lot of aid for independents will dry up because the formula’s are not favorable to working singles. His sister is at Notre Dame and they are covering all her costs because they are very generous and she had the grades to get there.You get either need aid or merit aid or both. Sometimes you have to go to a school where you are the top 10 percent so you can get a good offer. Top Texas publics don’t often give good aid, or enough aid really to low income students, so look at more of your instate public that might give merit awards. Some OOS may give tuition waivers for your good grades and scores, but most OOS publics charge a premium to OOSers and they aren’t then going to turn around and give you aid for that, that makes no sense. They may give it to the top of the class, if you are coming to the school and bringing the average test scores up, it depends on the school but all schools want students that are bringing the test scores up.So run some net price calculators and start thinking outside the box about what schools will get you to the next level. Make sure you are going to have some options come spring. You can always turn them down if you get a good offer somewhere better. If you are not a first time freshman aid will be even harder to get so complete 2 years at a cheap place Look outside scholarships you qualify for. You can’t always rely that that to fund 4 years but you might find something you qualify for based on your status, your need and your age.You may know that you can only borrow federal aid starting with 10,500 freshman year going to 12,500 for Sr year. It would likely be very hard to get much extra privately. So that, plus any savings is your budget for net costs. If you are able to work in summer you will likely find that you need that for extra unanticipated events. And once you are not working full time you will likely get a Pell Grant.
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