How Foreign LLC Owners Are Paying 0% US Tax

In this video, we're going to discuss how foreign LLC owners are paying 0% US tax.
An LLC for Non-U.S. Residents is the answer to growing your business in the U.S. and paying 0% tax.
If you're an owner of a foreign LLC, you may be wondering how you're paying 0% US tax. In this video, we're going to discuss the different methods foreign LLC owners are using to pay 0% US tax. From incorporating in a low tax jurisdiction to using foreign personal holding companies, we'll cover all the ways foreign LLC owners are paying 0% US tax.
Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.
www.jamesbaker...
Or get your questions answered right away on a call with James. Schedule with the link below to receive clarity on your tax situation and stop spinning wheels.
www.calendly.c...
Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.
www.jamesbaker...
We are hosting weekly Ask Me Anything sessions, you could for limited time access to them free of charge, if you want to expand your business and network, and have access to our Telegram and Discord Server, join us here:
lt.jamesbakerc...
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-----Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Get A ITIN Number - W-...
-----And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbaker...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbaker...
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
What are sales taxes? • Do I pay Sales Taxes o...
What is a resale Certificate and Why do you Need it - • What is a Resale Certi...
How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • Florida Sales Tax Fili...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io...
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

[@JamesBakerCPA]

Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on KZbin? Get A Free one-on-one 30-minute strategic Consultation - www.jamesbakercpa.com/schedule

[@wagnermozart5075]

How can ı e mail you ? Because of my english speaking not high level😂 to take an interwiev

[@matarrjobe4577]

100% going to reach out

[@elomp3s]

so if you'r a foreign LLC owner who operates a dropshipping ecom, you are not required to pay tax even if the vast majority of your customers are USA resident

[@aiyanshaikh1754]

Hi, I plan on getting a us llc set up for Amazon ecommerce (non resident- Dubai) Dubai has no tax treaty with US and I believe witholding is 30% for US. Because this will be entirely remote. No physical address, only virtual, Payoneer for online banking, no employees in us. Will this be considered for 0% witholding? How can I apply for no witholding tax on the income I take out for myself ? Is there any way you'd recommend... thank you

[@lyahof]

Hey! Publication 519 (page19) says: "All profits or losses from U.S. sources that are from the operation of a business in the United States are effectively connected with a trade or business in the United States. For example, profit from the sale in the United States of inventory property purchased either in this country or in a foreign country is effectively connected trade or business income...". This text is also appears at irs's ECI explaining page. Can you comment on this? Seems like selling physical goods to US customers IS ECI.

[@jeveuxpasdechainecal]

I don't like that he didn't reply to this. Some trust has been lost here. I was about to make an appointement with him but I am not too sure anymore.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@uttlmegharaj]

Thank you so much James Baker. In this video you provide us lots of information, this video is eye opener for many non resident US LLC owners. Thank you once again.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@CheSmith74]

Pretty sure you have to be a tax resident of a country with an IRS tax treaty and need fill out a W-8BEN-E to avoid withholding taxes. The IRS will share this info with your country of residence. SO you have to pay taxes in the country that you reside. If you reside in a zero tax country or any other country with no IRS tax treaty you will not qualify for zero withholding taxes. Happy to hear I'm wrong on this.

[@JamesBakerCPA]

Withholding taxes only apply on FDAP income. So that's dividends, interest, rental income and services performed inside the US. If the amounts being paid to a NR are not FDAP thenthere is no withholding

[@markensonmoranvil7593]

@@JamesBakerCPA Great content! Btw, apart on dividends, should foreigner also subject to Tax withholding on gross proceed for security sold even with no capital gains?

[@frenchtelemarketer]

Thank you, James.

[@user-nl7um6pw3h]

Too bad my country taxes for the both of us😂😢 Greece is such a prison to poverty... Wish I knew how to break free .

[@jocejoy]

It depends on where you live. You pay the taxes according to the tax rate in the country you live in.

[@oscar5584]

I have scheduled a meeting for this Friday, look forward to talking to you.

[@JamesBakerCPA]

Nice! It's probably with the team, thanks!

[@PopkovVasilii]

Great video, recently found your channel and all your videos have been very helpful Thank you!

[@JamesBakerCPA]

Glad you like them!

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@djmanse73]

I made non-resident llc in wyoming. I do business of exporting goods from us to other country. also the payments are comming from other country. Do I need to pay federal tax in the US?

[@gymconceptscanada]

You’re our guy! We have a call setup on Thursday.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@jorad4887]

what if you are a US citizen and you have companies in multiple states can you pay 0% tax if you establish a parent company in ireland (let's say) where there's no or very little tax?

[@CheSmith74]

How would stock & futures trading fall into this?

[@springtutors7338]

Thank you James, for the information.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@user-kx1sh6yz6v]

Sounds great thank you for the effort : )

[@p.c.h.6721]

Thank you, I’ve been waiting for this kind of video for a long time....

[@JamesBakerCPA]

More to come!

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@MrTakhir]

Great and simple explanation for foreigners thank you.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@techbasicsofficial]

What about adsense income? Is there any process? For asian country without tax treaty?

[@JamesBakerCPA]

It's more complicated and treaties are more useful for this

[@natashashillingford916]

Good video. So we pay no taxes in the US. But do we pay taxes in our resident country? I live in the UK and want to know of I have to declare it.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@Bambotb]

@@joedichiara6525 but Delaware has 0% corporate tax so ?

[@JVJ_2000]

@@Bambotb0% State tax maybe. But I think it’s 4% now. But you’ll end up paying federal taxes.

[@bipl8989]

The USA is the biggest financial paradise ever.

[@milkovivaldi]

Una LLC che opera sia negli Stati Uniti che all'estero può pagare le tasse solo sul reddito interno (immobiliare) e non su quello guadagnato in tutto il mondo?

[@adrianhom1721]

Great video ! What is the partnership llc is owned by a US citizen and a foreign national ?

[@alwaystrendz6538]

So if you have an e-commerce business you should pay taxes in the US as it says on their website in the Effectively Connected Income (ECI) "If you own and operate a business in the United States selling services, products, or merchandise, you are, with certain exceptions, engaged in a trade or business in the United States. For example, profit from the sale in the United States of inventory property purchased either in this country or in a foreign country is effectively connected trade or business income."

[@lyahof]

Also thinking in that 🤔 Someone advise please

[@Bambotb]

Not if you live abroad llc in some states have 0%

[@AamilahVilchez]

Important information!

[@yazeedkhan8706]

My LLC is a foreign owned disregarded company with IT staffing nature of business operating from India with no physical presence yet in USA, doesn't have direct W2 employees or subcontractors but have some payments from companies as referral fee. Can I avoid taxes?

[@ATTIQOP]

what if I am a e-commerce seller (amazon) and first i am not a us resident and form llc and later on i become a resident

[@Bambotb]

So the llc can receive payments from the US and the owner living abroad doesn’t pay tax?

[@lucasmg283]

Could you give us the link of the a62a3 section on IRC?. Please, I couldn't find it.

[@web3king]

But James I say, what if I have a USA SSN (because I legally worked in US for a short period) and have a single-member LLC selling on amazon and shopify? Still zero taxes? Hope you are not gonna charge me $500 to answer this question :)) Thanks a lot for doing this btw, it's really hard to find anyone who is really knowledgeable in this topic.

[@mytube1000javed]

If I want to sell a product , through my US LLC from say India. Then what are tx implications?

[@JamesBakerCPA]

Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁

[@wagnermozart5075]

Hı. I have little question ; İ m a non us citizen,I will open a LLC in 2024 and ı m a software developer,if earn money from my Llc such as online marketing. I have to pay my tax directly to IRS but you said if your sales came from international the LLC wont pay any tax..is that correct?

[@NomadicInvestor]

Will the US brokerage withhold for gains or options income in additon to dividends and interest?

[@ghostwyzardkhal]

Hi, just to clarify, me and my brother are the owners of a registered LLC in Wyoming and we are Non US Residents (foreigners ) living in Sri Lanka. Are we supposed to file for any taxes ( sales tax, etc) in the USA ? . We provide services from outside of the US. We are only simply registered in the US . would appreciate the reply thanks

[@Gundam-bruh]

3:37 HA! Tell that to Germany… I absolutely hate that about being a German resident. They tax absolutely all assets globally.

[@DanielPradoBurgos]

I do have a big question though, if I set up a server in the US, and setup an online service (an app for instance), I'm not charging for the software I coded but will be charging for the value provided by the app. Where would be the location of activity then? Is that taxable income from the US?

[@virgiliomontoya5443]

Hi James, incredible explanation, I am still missing one part, if I am not resident, I have my LLC and also a personal U.S banking account, what tax should I pay if I do payments from my LLC account to my personal U.S banking account? that is my question. Thank you very much

[@JamesBakerCPA]

No taxes assuming all services performed outside the US

[@mikesamouel4791]

Hey, firstly do you offer llc registration as an agent representative? Secondly as an e-commerce site, with dual citizenships how do i choose which country to pay the other tax? (Huge difference between both of them)

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@lalgonultas]

I am a foreigner who does not reside in the USA. I run an online travel agency. I do not organize tours in the USA and I have no customers in the USA. In this case, to whom will I pay taxes

[@vytorbrb3568]

Hi James, a very good niche for u is software developers, like me, I live in Brazil and i code for US/CAN based companies, does this activity is taxable ? Also so far I have a “Brazilian llc” however I’m looking to decrease my taxes, by opening an llc in America, so far I’m paying 9% on my income, and I’m looking to pay 0 😅

[@Washa-g4s]

Have you find any solution?

[@PakistanBestPriceStores]

Hi, I am non resident , owner of an LLC and have ITIN, so which option I have to select Married or unmarried, I am married in Pakistan.

[@aimeowycats]

What about annual franchise tax?

[@naveedsheikh8344]

I am from Pakistan. I have an LLC in Wyoming. On that LLC, i have a trademark and i sell on Amazon. How much tax will i have to pay? How to avoid the taxes?

[@JamesBakerCPA]

Probably no taxes! Did you finisht he video ?

[@naveedsheikh8344]

@@JamesBakerCPA Yes i did. I am confused because people say that there will be income tax. Can i arrange a consultation call with you?

[@HumbertoPelaez]

Excelente contenido James. Tengo una pregunta: Si mi empresa es una LLC registrada en USA, qué comprobante de pago debo entregarle a un cliente de Panamá, que paga con transferencia bancaria a la cuenta de USA de mi LLC, para que le sirva en su declaración de impuestos de Panamá y pueda registrar los pago que le hace a mi empresa como un gasto?

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@Lyushenkod]

Corporation have same rights as an llc in this matter?

[@9inventions815]

Hello James , thanks for the valuable info you sharing, I set up LLC In Wyoing activity Social Media and wanna do business on Real Estate industry buying Lands and engaging in wholesale Realestate in different States. - Is it a problem for me if doing different activity with the LLC as for now I want to Only do RealEstate business with the LLC. - What are the Taxes I need to file for the LLC. - FERPTA will be applied when selling any property as foreigner , what file should i submit.

[@lextor4712]

Hey may I ask you if you've found your answer to your first question? I wonder also if a LLC can be used for another purpose than initially intended.

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@lisandrohenriques2523]

Please make a new video for a non resident that want to create the LLC for trading crypto. And also the best exchange we can use. Not FTX 🤣

[@tamaradanielson500]

If you have one partner that is in the US and two partners that are foreign, do the foreign partners need to file a 1040-NR and pay taxes on the income from the K-1?

[@JamesBakerCPA]

Hi Tamara! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁

[@maneesmhrzn5552]

do you help non residents to register llc??

[@BEDROCKTAXSOLUTIONS]

Thats at the state level.. lol IRS is Federal. The rules are clear-cut. Black and white, my friend.

[@hurhussain8912]

Hi, Great content me and my brother are the owner of a registered LLC in Texas and we are non-US residents (foreigners ) living in Asia. Are we liable to pay any taxes on our personal income (profit) in the USA ?. We provide services from outside of the US. We are only simply registered in the US Texas. would appreciate the reply thanks

[@JamesBakerCPA]

Sounds like there is no US tax for you. If you ever need help with tax reports or banks let us know! Thanks for watching

[@hurhussain8912]

Hello James, I was told by an accountant that I need to file federal income tax on my individual profits? I would highly appreciate it if you can provide some guidance on this. Please

[@saleemmasih359]

very good inforemation ,,,,please i need information may i get payment gatway outside of USA ?

[@JamesBakerCPA]

I only help with us payment gateways but you can try stripe

[@bullkmarketingsoftwares9126]

Have you made any videos about strip payment gateway.?

[@krester3025]

Hi great content as always but I've a question is that what if foreign LLC owner want to sell the company from whatever valuation. Will they get taxes after the payout?

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@Powerplay720]

Does a KZbin or facebook content creator can incorporate LLC and pay zero tax? As I am non US resident

[@user-jh6nv8ni6n]

Hi James, Can i open LLC that will owned by foreign corporation from Panama and what is the arrangement for taxes in this scenario

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@ShezanSaleemakaJOG]

I'm a video production company in Canada and want to start selling my service in U.S. If I register an LLC in one of the tax free state, as non U.S resident and then seek business from states other than my registered state. Do i have to charge tax on my invoices to the clients in U.S? Also since I won't be there in person in any state, I will be hiring local photographers or videographers to go on site and film and photograph for me, does that count as employee and I'm subject to tax? Because I'll probably be paying the contractor via PayPal. Would appreciate the insight. Thanks

[@smartmoon786]

Amazing content. You're absolutely right that there's no dedicated content for non-residents. I wanted to ask if I get a US LLC, which is not owned by a single member but by a foreign company (parent company) will I be able to apply for US business credit cards? Also will I need to get ITIN if suppose my UAE company owns the US LLC? THANKS 😊

[@JamesBakerCPA]

There are great questions. To answer them correctly I would like to jump on a free call with you. You can book in here - jamesbakercpa.com/schedule

[@joedichiara6525]

He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.

[@UltimateAdventuresKE]

I have an LLC registered in June 2023 and its an online tour agency, when am I supposed to file taxes and which form do I need? Many comapnies I deal with in the US also ask me to fill W9 form is it ok to fill it?

[@Hmmm0x]

April

[@UltimateAdventuresKE]

@@Hmmm0x which form do I fill and is the W9 form necessary?

[@abdulrabb1616]

please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?

[@JamesBakerCPA]

Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁

[@gillianwoodbine7445]

does the LLC have to be foreign in order to not pay taxes or does this work with a US LLC

[@ScottJLetourneau]

You would pay U.S. taxes as a U.S. resident with your LLC (unless it was taxed as a c corp, then corp taxes at 21%).

[@davidyoung6776]

bad tie

[@JamesBakerCPA]

No way, I love this tie

[@NatnDee]

I want to schedule a call. How can I do that?

[@JamesBakerCPA]

Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁

[@kevinshank4222]

So when did we become slaves to have to pay tax from our labor according to the supreme court the government is not

[@MiguelDantasC]

Im foreign owner of an LLC, we work with online courses and we sell mainly to US, revenue over 250k year for US clients. So I can still pay no taxes? We dont have any physical presence in the US, no employes and nothing like that

[@jimbaker]

Correct, no taxes!

[@smartmoon786]

But you have to get the tax returns filed properly every year, of course you won't be liable to pay any tax but have the get the filings done. 😊

[@abdulrabb1616]

​@@smartmoon786please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?

[@wagnermozart5075]

Foreign owners LLC with ZERO tax😂😅 impossible...

[@mousamkonwar12]

Yes , you need to pay income tax in your home country.

[@abdulrabb1616]

​@@mousamkonwar12please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?

[@murshed12]

​@@abdulrabb1616yes...u have to pay taxes there..... Floria, Wyoming like this States Don't require taxes

[@abdulrabb1616]

@@murshed12 no we don't