Real Tax Questions, Expert Answers
Get answers to your foreign-owned LLC tax questions from ForeignLLCTax. Every answer includes IRS source citations and step-by-step guidance.
I accidentally filed Form 8832 as foreign entity — how do I fix this?
I filed Form 8832 and checked 'foreign eligible entity' because I'm a foreign person. I just learned this was wrong since my LLC is domestic. What's the fastest way to correct this?
How do I fill out Form 8949 for cryptocurrency trades in my foreign-owned LLC?
My foreign-owned LLC made about 150 crypto trades last year on Coinbase Pro. I understand I need to report these on Form 8949, but the logistics are confusing. Do I list every single trade individuall...
Form 3520: Foreign Trust and Gift Reporting Requirements (Ep. 42)
I have income from outside the U.S. and need guidance on: Form 3520: Foreign Trust and Gift Reporting Requirements. What are my reporting obligations and how do I stay compliant?
HMRC is treating my U.S. LLC as a company — how do I fix this double taxation?
I've been filing my LLC income as self-employment on my UK Self Assessment for two years. HMRC opened an inquiry and is now saying my Wyoming LLC should be treated as a foreign company subject to corp...
What is Oregon's Corporate Activity Tax and when does it apply to a foreign-owned LLC?
I heard Oregon has a new Corporate Activity Tax (CAT) on top of its regular income tax. My LLC sells software subscriptions and some Oregon customers are signing up. My LLC is formed in Wyoming and I'...
CP2000 Notice Case Study: Real-World Response Scenario (Ep. 7)
I received a CP2000 notice from the IRS: CP2000 Notice Case Study: Real-World Response Scenario. What should I do and how do I respond properly?
Economic nexus vs physical nexus: which one matters more for my foreign-owned LLC?
I run a SaaS business through a Wyoming LLC. I'm a non-resident alien from the UK and I have no physical presence anywhere in the U.S. But I have customers in 35 states. Do I have economic nexus in al...
What is Form 8854 and when do I need to file it for expatriation?
I recently surrendered my green card at the U.S. embassy. The consular officer mentioned something about Form 8854 but didn't give me details. Is this just a one-time filing, or do I need to file it e...
Same-Sex Spouse Filing Status (Ep. 59)
I need help with my filing status: Same-Sex Spouse Filing Status. What are the rules and how do I determine what applies to my situation?
Does the U.S.-Japan estate tax treaty protect my U.S. LLC assets?
I'm a Japanese citizen living in Tokyo with a Delaware LLC that runs a SaaS business. The LLC has about $3 million in value including receivables, IP, and a U.S. bank account. I also own a small condo...
MFJ with NRA Spouse Qualification (Ep. 58)
I need help with my filing status: MFJ with NRA Spouse Qualification. What are the rules and how do I determine what applies to my situation?
How does Mexican ISR apply to my U.S. LLC income under REFIPRES?
My Mexican tax advisor says my U.S. LLC falls under Mexico's REFIPRES regime because it pays zero tax in the U.S. He says I need to pay ISR on the LLC's income as if I received it directly, even thoug...
Can I pay myself a salary from my single-member LLC?
I'm the only owner of my LLC. Can I pay myself a salary? How does that work with a disregarded entity for tax purposes?
My doola agent set up the LLC but I never got a CP 575 — help?
doola formed my LLC and supposedly got my EIN but I never received the CP 575 letter. They just gave me the EIN number. Is that enough or do I need the actual letter?
IRC 1445 FIRPTA withholding — does the buyer really hold back 15% of the entire sale price when I sell my U.S. property?
I'm a Mexican citizen and I'm selling a condo in Arizona that I hold through my LLC. The title company said they need to withhold 15% of the gross sale price under IRC 1445. The condo is selling for $...
What goes on Form 8858 Schedule M and how do I report transfers to my foreign entity?
I filed Form 8858 last year for my foreign disregarded entity but my preparer left Schedule M blank. This year I transferred about $30,000 from my U.S. account to the entity's foreign bank account for...
How do treaty tie-breaker rules work if I'm considered a tax resident of both the U.S. and my home country?
I'm a Canadian citizen who has been working in the U.S. for 3 years on a TN visa. I own an LLC in Delaware. Canada considers me a tax resident because I maintain a home in Toronto and my wife and kids...
Automatic 2-Month Tax Extension for U.S. Citizens Abroad (Ep. 52)
I'm confused about tax deadlines: Automatic 2-Month Tax Extension for U.S. Citizens Abroad. When exactly do I need to file and what extensions are available?
Do states have their own FIRPTA? I'm selling in California and someone mentioned a state withholding too.
I'm a foreign national from Sweden selling a rental property in Los Angeles through my LLC. I've been preparing for the federal FIRPTA withholding (15%), but my real estate attorney just told me Calif...
Does it matter which payment processor my foreign-owned LLC uses for tax purposes?
I'm setting up payment processing for my foreign-owned LLC (Nevada) and I'm comparing Stripe, PayPal, Square, and Wise Business. I'm from the Philippines and I'll use the processor for my e-commerce s...
What taxes does a foreign-owned LLC in Nevada actually have to pay? I heard about a commerce tax.
I'm considering Nevada for my LLC because of the no income tax. I'm a French citizen running a SaaS business. But someone mentioned a "commerce tax" that kicks in at $4 million in revenue. Can someone...
I'm a foreign LLC owner living in the U.S. — do I owe 'nanny tax' for my household employee?
I'm a non-resident alien who owns a U.S. LLC and I recently moved to the U.S. on a work visa. I hired a housekeeper who comes twice a week and I pay her $500/week in cash. A friend told me I might owe...
QSS Eligibility: 50% Cost of Home Rule (Ep. 74)
I need help with my filing status: QSS Eligibility: 50% Cost of Home Rule. What are the rules and how do I determine what applies to my situation?
When is crypto income treated as capital gains vs. ordinary income for a foreign LLC owner?
I'm confused about the difference between capital gains and ordinary income for crypto. My LLC has several types of crypto income: trading profits, staking rewards, mining income, and airdrop tokens. ...
Wise Business vs a traditional U.S. bank account — which is better for my foreign LLC?
I see a lot of foreign LLC owners using Wise Business instead of a regular U.S. bank. Is Wise Business actually a bank account? Can I use it for everything a regular bank account does — receive ACH pa...
What's the difference between Form 5472 and FBAR? Do I need both?
I keep seeing mentions of both Form 5472 and FBAR for foreign LLC owners. Are these the same thing? Do I need to file both? What's the difference?
I moved to the US last year — does living here make me a 'U.S. person' for my LLC taxes?
I'm a UK citizen who moved to the United States in 2025 on an E-2 visa. I formed a Wyoming LLC before I moved. Now that I'm living in the US, am I still considered a 'foreign person' for Form 5472 pur...
Form 3800 Mechanics: How the General Business Credit Works (Ep. 26)
I'm trying to maximize my tax credits: Form 3800 Mechanics: How the General Business Credit Works. How do I calculate and claim these credits correctly?
How is Google AdSense and advertising revenue taxed for my foreign-owned LLC?
I operate content websites through my foreign-owned LLC (Delaware) and earn money primarily from Google AdSense, Mediavine, and sponsored posts. I'm from Nigeria and everything is managed from Lagos. ...
Do I owe French social charges (cotisations sociales) on my U.S. LLC income?
My French accountant says I may owe social charges on my LLC income in addition to income tax. The cotisations sociales for self-employed workers in France can be 30-45% on top of income tax. If the L...
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