Is Guam a state of America

US-owned individuals

U.S. territory is an island under the U.S. jurisdiction that is not a U.S. state. U.S. properties can be classified into two groups: The ones that do not have their own government and taxation system (Midway Island, Wake Island, Palmyra Island, Howland Island, Johnston Island, Baker Island, Kingman Reef, Jarvis Island and other US Isles, gays and coral canals that are not part of one of the fifty states).

For information on the government and taxation of some U.S. territory, see State and Locale Government On The Net. You can find the address of the US taxation authority of the properties in Group One in the publication 570, Fiscal Guide for Individuals With Income From U.S. Posts.

Inhabitants of the second group of areas are liable to US personal-income and withholding taxes. The IRC 937 also specifies the registration requirements for the 8898 Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession. Whenever you relocate to or from U.S. jurisdiction, this document will be sent to you.

According to IRC 937, a natural person is generally regarded as a good faith inhabitant of a jurisdiction if he (1) is present in the jurisdiction for 183 physical and fiscal years, (2) has no home outside the jurisdiction during the fiscal year, and (3) has no close ties with the United States or any other state.

The IRC 937 also sets new benchmarks to determine whether the revenue is generated in a US area. Information on submitting the 8898 can be found at U.S. Possessions - Forms 8898 Bona Fide Residence. Please note: This page contains one or more links to the Internal Revenue Code (IRC), Treasury Regulations, legal proceedings or other formalities.

For the IRC section, treasury regulations or other formal taxation guidelines, please see the page "Tax Code, Regulations, and official Guidance".