Open an LLC with US and Non-US Owners
A U.S. limited liability company (LLC) generally has no restrictions on who can be an LLC member. Many LLCs are structured with both U.S. and non-U.S. ownership.
Deductible Travel Expenses – Business vs Personal Use Travel
Business owners can generally deduct the cost of their travel if the principal purpose of the trip is for business. So, what are the rules to determine business versus personal travel?
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.
Election to Reclassify Rental Income as ECI – Complete IRS Form W-8ECI
U.S. source rental income paid to nonresidents is generally treated as FDAP income and subject to taxes on gross income. A nonresident filing Form 1040-NR can elect to treat the income as ECI and pay taxes on a net basis.
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.
Does a Foreign Corporation Need a US Tax ID Number?
In general, non-U.S. entities do not need to have a U.S. taxpayer identification number. In some cases, a foreign corporation may be required to obtain a U.S. tax ID if it must file an income tax return with the IRS.
Can a Non-US Person Buy US Real Estate?
The U.S. real estate market is an attractive investment opportunity for many non-U.S. individuals and businesses. This article and video discuss the rules and tax implications for non-U.S. investors in U.S. real property assets.
Can a US Company Hire Non-US Persons to Work Remotely?
U.S. companies often hire employees and independent contracts that are not based inside the U.S. These remote workers may have certain U.S. tax obligations.
How to Complete IRS Form W-8ECI for Effectively Connected Income (ECI)
The Form W-8ECI is a type of withholding certificate used by foreign persons to disclose their income is effectively connected with a U.S. trade or business. This article and video tutorial cover the basics of the Form W-8ECI.