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Old 09-06-2010, 06:43 AM
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Join Date: Sep 2010
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A question to all Tax Gurus!

Hello,

We are a US based company offering "nominee banking" services to non-US residents. We open US Business Bank Accounts on behalf of non-US company (LLC in most cases) incorporated in the US. The signatory is a US person that uses the corporate Tax ID as well as his/her SSN to open a business bank account. Clients have access to online banking but all operations are made through an independent accountant that is appointed to manage a bank account and issue wire transfers and checks based on clients' instructions.

What taxes are paid in this case? Do we have to withhold a certain portion from our clients or do they pay taxes themselves? We plan on helping them file their taxes at the end of each year by letting them hire a CPA through our business network. Please advise. Your response is greatly appreciated. Thank you!



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