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 have dual US-Brazilian citizenship. Do I need Form 5472 for my LLC or just Form 1040?
I was born in Brazil to an American parent so I have both US and Brazilian citizenship. I've lived in Brazil my whole life and recently formed an LLC in Delaware for my software consulting business. A...
Do any states require withholding on distributions to foreign LLC owners?
I have a multi-member LLC with both U.S. and foreign members. I'm the foreign member (from Australia). The LLC is formed in California and earns income in California and Texas. Do these states require...
My foreign LLC sells e-books, online courses, and software downloads — how is this income taxed?
I'm an Israeli entrepreneur running a foreign-owned Delaware LLC. I sell three types of digital products: e-books on Amazon Kindle, online courses on my own platform (Teachable), and a software tool a...
What are Wyoming's annual requirements for a foreign-owned LLC? Is it really as simple as people say?
I formed my LLC in Wyoming based on advice from a YouTube video. I'm from South Korea and I run a small online tutoring business. The video said Wyoming has no income tax and very low fees. But I wan...
How are treaty benefits applied to interest income earned by my foreign-owned LLC?
My U.S. LLC holds a promissory note and receives interest payments from a U.S. borrower. As a nonresident alien owner, the interest payments are subject to withholding. I want to understand how my tax...
Can I dissolve my LLC to avoid future Form 5472 filings?
I'm not using my LLC anymore and the annual filing requirement is a hassle. If I dissolve the LLC, do I still need to file Form 5472 for the final year? What's the process?
Does the $18,000 annual gift tax exclusion apply to non-resident aliens?
I'm a non-resident alien living in Brazil and I want to give money to my niece who lives in the U.S. for her education. Can I use the annual gift tax exclusion? Is it the same $18,000 amount as for U....
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