How does Stripe handle tax reporting for my foreign-owned LLC?
My foreign-owned LLC uses Stripe to process payments for my online business. I'm from India and the LLC is in Delaware. I submitted my W-8BEN-E to Stripe during onboarding.
Will Stripe send me a 1099-K? Will they withhold any tax from my payouts? I've heard that if you don't submit the right tax form, Stripe withholds 24% of your payments. Is that true?
Also, does Stripe report my transactions to the IRS? I want to make sure whatever Stripe reports matches what I report on my tax filings.
Related Questions
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 is the 1099-K reporting threshold and does it apply to my foreign-owned LLC?
I keep seeing conflicting information about the 1099-K threshold. Is it $600? $5,000? $20,000? It seems like it changes every year. My foreign-owned LLC receives payments through Stripe and PayPal for...
Will PayPal send a 1099-K for my foreign-owned LLC business account?
I have a PayPal business account linked to my foreign-owned LLC (Wyoming). I'm from Mexico and I use PayPal to receive payments from U.S. clients for freelance design work and some product sales. I su...
How is affiliate marketing income taxed in my foreign-owned LLC?
I run several niche websites through my foreign-owned Wyoming LLC. My revenue comes from affiliate commissions — Amazon Associates, CJ Affiliate, ShareASale, and some direct brand partnerships. I'm fr...
I sell on eBay through my foreign-owned LLC — what are my U.S. tax obligations?
I'm based in Canada and I have a Florida LLC that I use for selling vintage electronics on eBay. I ship items from Canada to U.S. buyers. Some items I keep in a storage unit in Florida and ship from t...
I use Upwork and Fiverr through my foreign-owned LLC — what are my U.S. tax obligations?
I'm a web developer from Ukraine working through my Wyoming LLC on Upwork and Fiverr. I earn about $85,000/year from U.S. and international clients through these platforms. All work is done remotely f...
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 ...
I have an Etsy shop selling handmade goods through my foreign-owned LLC — what taxes do I owe?
I'm a German citizen living in Berlin. I opened a Wyoming LLC and started selling handmade jewelry on Etsy to U.S. customers. I make everything at home in Germany and ship internationally. Revenue is ...
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. ...
How is recurring subscription income taxed for my foreign-owned LLC?
I run an online membership community through my foreign-owned LLC. Members pay $29/month or $299/year for access to premium content, courses, and a private community. I'm based in Japan and the LLC is...
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.
