I'm moving to the U.S. and already have a foreign-owned LLC — what tax changes should I expect?
I've been running a Delaware LLC from the UK for 2 years as a nonresident alien. I file Form 5472 and only pay U.S. tax on my U.S.-source income. Now I've accepted a job in New York and I'll be moving to the U.S. on an H-1B visa. Once I become a U.S. tax resident, how does everything change? Do I need to restructure the LLC? Will I be double-taxed on UK income earned through the LLC?
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