This form is an Assignment of Money Due. The assignor agrees to grant to the assignee all title and interest in a certain debt or money due as described in the agreement. The form also provides that it is the responsibility of the assignor to collect the debt.
Guam Assignment of Money Due
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
How to fill out Assignment Of Money Due?
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FAQ
As a contractor doing business on Guam, you are required to report and file a Guam Income Tax Return. If you are a (domestic) corporation incorporated under the laws of the Territory of Guam, you are required to file Form 1120.
More In File An individual who has income from American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, Puerto Rico or the U.S. Virgin Islands will usually have to file a tax return with the tax department of one of these territories.
Personal and Corporate Income Tax Bona fide residents of Guam are subject to special U.S. tax rules. In general, all individuals with income from Guam will file only one return?either to Guam or the United States.
Personal and Corporate Income Tax Bona fide residents of Guam are subject to special U.S. tax rules. In general, all individuals with income from Guam will file only one return?either to Guam or the United States.
From April 01. 2004 to Present, the tax rate decreased to four percent (4%). The filing requirements also changed. The return (Form GRT) is required to be filed on a monthly basis and is due on the twentieth (20th) day of the following month, even if no taxes are due.
TAX REFUNDS To check the status of your income tax refund please log into your individual account at and use the 'Lookup Status of 1040 Refund' tool. DRT can be reached at 635-1840/1841 or 635-7651.
A Gross Receipts Tax (GRT) is a broad-based, low rate (generally less than 1%) tax imposed on all income received by a business without any deductions for costs of doing business, such as a deduction for wages.
The minimum penalty, however, shall be the lesser of the amount of tax due, or twenty-five dollars ($25.00). Any person required to file a Form GRT return shall be subject to a fifty dollar ($50.00) penalty for each failure to include his taxpayer identification number on such return.
