Green card holders: tax obligations for LLC owners
I recently received my green card and I own a single-member LLC. As a new permanent resident, I understand I now have to report worldwide income. What specific tax obligations do I have as a green card holder with an LLC? Are there any special reporting requirements I should know about, especially for my foreign bank accounts and assets? I want to make sure I am fully compliant from day one.
Related Questions
I'm becoming a U.S. tax resident — what changes for my foreign-owned LLC?
I've been operating a Wyoming LLC as a nonresident alien for 3 years, filing Form 5472 every year. Now I'm getting a green card through my employer. What changes for my LLC once I become a U.S. tax re...
What Korean NTS reporting is required for my U.S. LLC?
My Korean accountant says I need to file several reports with the NTS about my U.S. LLC beyond just my income tax return. He mentioned foreign financial account reporting, CFC reporting, and something...
I accidentally spent too many days in the U.S. and may have become a tax resident — what now?
I'm a German citizen who owns a U.S. LLC and I travel to the U.S. frequently for conferences and client meetings. I just realized that between 2024, 2025, and 2026, my weighted day count under the Sub...
What BIR forms do I need to file for my U.S. LLC income?
I earn income through my U.S. LLC and want to report it properly to the BIR. I'm registered as a self-employed professional. Do I file 1701Q quarterly? Do I need to register the LLC itself with the BI...
What is a dual-status tax return and when do I need to file one?
I got my green card in July 2025 after living in the U.S. on a work visa. My accountant says I need to file a 'dual-status return' for 2025. I've never heard of this before. What exactly is a dual-sta...
I'm from the Philippines — how does my U.S. LLC get taxed?
I'm a Filipino citizen and tax resident in Manila. I set up a Wyoming LLC for my virtual assistant agency. I manage a team of VAs in the Philippines serving U.S. clients. What are my IRS and BIR oblig...
Green card abandonment and continuing LLC ownership
I am considering abandoning my U.S. green card and moving back to my home country. I own a U.S. LLC that generates significant income. Can I continue to own my LLC after giving up my green card? What ...
I'm from India — how does my U.S. LLC get taxed?
I am an Indian citizen and tax resident living in Bangalore. I formed a single-member LLC in Delaware for my IT consulting business that serves U.S. clients remotely. I perform all work from India and...
I'm from Indonesia — how does my U.S. LLC get taxed?
I'm an Indonesian citizen living in Jakarta. I formed a Wyoming LLC for my web development freelancing business serving U.S. startups. I work entirely from Indonesia. What are my IRS and DJP obligatio...
L-1 intracompany transfer and LLC ownership
My company abroad is transferring me to the U.S. on an L-1 visa. I also own a separate personal LLC in the U.S. for freelance consulting work. Can I maintain ownership of my personal LLC while on an L...
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.
