What customs and import duty rules apply when my foreign LLC imports products for e-commerce?
My foreign-owned LLC (Florida) imports products from my home country (Vietnam) to sell in the U.S. I'm importing handmade furniture and home decor items. Some shipments are worth $5,000-$15,000.
I'm confused about customs duties, tariffs, and how they interact with my LLC's tax obligations. Do I need a customs broker? What is the difference between duties and sales tax? And how do I account for these costs on my tax returns?
I've heard there are special tariff rates for Vietnamese imports and I want to make sure I'm not overpaying.
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