Income tax for non resident alien

[Marcus ONG]

Hi

Hope someone can enlighten me on the following:
1) tax rate on individual vs LLC
2) is there a state and federal tax component?
3) estate tax planning for non resident.
4) Depreciation for old house. What's the typical depreciation schedule?

Thank you in advance for your advice.

Marcus :D

[Account Closed]

1) Actually the LLC income will go to your individual tax return unless you elect to have the LLC treated as a corporation and do not elect for it to be treated as a S-corp. Tax rates are tiered and will depend on earnings level.

2) Many states collect income tax but not all.
3) You will want to seek out an estate planning attorney. As a non-resident alien you do not have some of the favorable exemptions allowed resident aliens.
4) Residential real estate is depreciated on a straight line basis over 27.5 years.