My Company Was Dissolved – What Did I Do Wrong?
Sometimes a business owner will miss a filing deadline and their company is dissolved. In this article we discuss the details and how to resolve the issue.
Delaware LLC Non-US Ownership – What Filings are Required?
Virtually anyone can open a Delaware LLC. When a Delaware LLC is opened by a non-U.S. person, their filing obligations are slightly different from U.S. owners.
How to File IRS Form 5472 for a Foreign-Owned Disregarded LLC
Form 5472 is a required filing for any domestic LLC that is a disregarded entity and is owned by a non-U.S. person or entity. This article and video tutorial covers the filing requirements and sample Form 5472 with a proforma Form 1120.
How to Pay Yourself From an LLC?
If you're a business owner with an LLC, you'll want to know how to pay yourself from the company's accounts. The payment methods largely depend upon how the LLC is structured for federal tax purposes.
Change the Responsible Party with IRS Form 8822-B
Every business entity that applies for an employer identification number (EIN) must appoint an individual to be the responsible party. A business can change its responsible party by filing Form 8822-B.
Give Your Hobby a Boost – Use an LLC Partnership or S Corporation
The hobby loss rules for U.S. tax purposes can be quite complex and nuanced. Many business owners can form a legal entity to try and give their operation a boost in the right direction.
Foreign Owned Multi-Member LLC – How to Report on Form 1065 for 2020 Tax Year
A multi member LLC is treated as a partnership for federal tax purposes. This article and video covers the basics of partnership taxation with nonresident owners and how to report on a Form 1065 for the 2020 tax year.
Foreign-Owned Multi Member LLC – No Taxes Owed!
A multi member LLC is treated as a partnership for federal tax purposes. Not every U.S. partnership that generates profits is subject to federal income taxes. This article and video covers the basics of partnership taxation with nonresident owners.
What is a Disregarded Entity?
A disregarded entity is a legal entity with one owner that is treated as a transparent entity for federal tax purposes.
Amazon and the Single Member LLC with Non-US Owners
Many non-U.S. entrepreneurs are forming U.S. LLCs to open an Amazon store. The single member LLC with non-U.S. ownership can be a challenge for many business owners.