International Tax IssuesAnswered

I'm a US citizen and 30% owner of a UK company that registered in California. Do I report my BOI?

RG
rachel_gb_e249new member
May 23, 2026 384 views 1 answer
US person exemptforeign reporting company30 percent ownershipBOI exemptionbeneficial owner

My UK Ltd company foreign-qualified in California for some business activities. I'm a US citizen and own 30% of the UK company. The UK company is a foreign reporting company under FinCEN. Do I personally have to provide my beneficial ownership info?

Related Questions

InternationalAnsweredFeatured

My BVI company is registered to do business in Delaware — am I still exempt from BOI?

I formed a company in the British Virgin Islands and then registered it as a foreign LLC in Delaware so I could open US bank accounts. I read that domestic entities are exempt from BOI in 2026, so I a...

AF
andre_fr_37bb·May 23, 2026
7121
InternationalAnswered

I'm exempt from BOI now but want to be ready if it returns — what records should I keep?

My Delaware LLC is exempt under the March 2025 IFR but I'd hate to scramble if the rule gets reversed. What's a minimal set of records I should keep on hand so I can file within 30 days if BOI reporti...

MP
mateusz_pl_7b66·May 23, 2026
2971
InternationalAnsweredFeatured

My parents overseas sent me $150,000 as a gift. Do I need to report this to the IRS on Form 3520?

I'm a U.S. citizen and my parents who live in India sent me $150,000 as a gift to help with a house down payment. I know gifts are generally not taxable to the recipient in the U.S., but a colleague m...

A1
anita_1e35·Jul 19, 2021
2,8911
InternationalAnswered

I contributed cash and equipment to my foreign partnership. Do I need Schedule O of Form 8865?

I'm a U.S. person and I contributed $100,000 in cash and some computer equipment (worth about $20,000) to a foreign partnership that I'm a 40% partner in. My tax advisor mentioned Schedule O of Form 8...

TS
tara_sg_3694·Oct 8, 2021
5671
InternationalAnswered

I transferred my software IP to my foreign corporation. Do I need Form 926?

I'm a U.S. person and I recently incorporated a company in Ireland for tax and business reasons. I transferred ownership of my software intellectual property (valued at approximately $2 million based ...

A6
alex_6959·Jan 21, 2020
1,2451
InternationalAnsweredFeatured

What does 'trade or business within the United States' mean under IRC 864(b)? My tax advisor says this determines everything.

I'm an Australian freelance developer with a Wyoming LLC. I do all my work remotely from Melbourne but have U.S. clients who pay my LLC. My tax advisor says whether I'm engaged in a 'trade or business...

JD
james_d326·Jun 1, 2020
2,6781
InternationalAnswered

I am in Australia and keep funding the LLC personally. Does that matter only for Form 5472, or also for my Australian reporting?

I own a Wyoming LLC from Melbourne and keep paying early software and contractor costs personally before transferring money in and reimbursing myself later. My U.S. preparer keeps telling me to mainta...

GA
grace_au_9847·Nov 2, 2024
1,9401
InternationalAnswered

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...

J6
jose_6b46·Oct 14, 2021
1,1231
InternationalAnsweredFeatured

BOI litigation timeline 2024-2026 — NSBU, Texas Top Cop Shop, Smith, Supreme Court, and the March 2025 IFR

I keep reading conflicting things about the Corporate Transparency Act. First it was enforced, then enjoined, then back on, then exempted. Can someone lay out the actual timeline so I know what's happ...

AJ
aiko_jp_1866·May 23, 2026
1,5421
InternationalAnswered

FinCEN's February 2026 CDD relief — does it help me open additional accounts?

I read that FinCEN gave banks relief in February 2026 from re-collecting beneficial-ownership data at every new account opening. I already have a Mercury account and want to open a Relay account in th...

YJ
yuki_jp_bdd9·May 23, 2026
2681

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/mo

Disclaimer: 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.

Watch the walkthroughs