How Foreign LLC Owners Are Paying 0% US Tax

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James Baker CPA

James Baker CPA

Күн бұрын

In this video, we're going to discuss how foreign LLC owners are paying 0% US tax.
If you're an owner of a foreign LLC, you may be wondering how you're paying 0% US tax. In this video, we're going to discuss the different methods foreign LLC owners are using to pay 0% US tax. From incorporating in a low tax jurisdiction to using foreign personal holding companies, we'll cover all the ways foreign LLC owners are paying 0% US tax.
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Do you want to skip the line and get the answers to your questions right away?
Do you want to learn exactly how you can have a Tax Free US Company and bank account without traveling to the US?
Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.
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Or get your questions answered right away on a call with James. Schedule with the link below to receive clarity on your tax situation and stop spinning wheels.
www.calendly.com/jamesbakercp...
Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-----Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Get an ITIN Number for...
-----And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbakercpa.com/offers/...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbakercpa.com/offers/...
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
What are sales taxes? • Do I pay Sales Taxes o...
What is a resale Certificate and Why do you Need it - • What is a Resale Certi...
How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • How to File Your Flori...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io/jamesbaker7628
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

Пікірлер: 99
@JamesBakerCPA
@JamesBakerCPA 8 ай бұрын
Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on KZfaq? Get A Free one-on-one 30-minute strategic Consultation - www.jamesbakercpa.com/schedule
@wagnermozart5075
@wagnermozart5075 6 ай бұрын
How can ı e mail you ? Because of my english speaking not high level😂 to take an interwiev
@matarrjobe4577
@matarrjobe4577 24 күн бұрын
100% going to reach out
@user-kx1sh6yz6v
@user-kx1sh6yz6v 3 ай бұрын
Sounds great thank you for the effort : )
@AamilahVilchez
@AamilahVilchez Ай бұрын
Important information!
@springtutors7338
@springtutors7338 5 ай бұрын
Thank you James, for the information.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@adrianhom1721
@adrianhom1721 2 ай бұрын
Great video ! What is the partnership llc is owned by a US citizen and a foreign national ?
@uttlmegharaj
@uttlmegharaj 5 ай бұрын
Thank you so much James Baker. In this video you provide us lots of information, this video is eye opener for many non resident US LLC owners. Thank you once again.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@gymconceptscanada
@gymconceptscanada 4 ай бұрын
You’re our guy! We have a call setup on Thursday.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@PopkovVasilii
@PopkovVasilii 8 ай бұрын
Great video, recently found your channel and all your videos have been very helpful Thank you!
@JamesBakerCPA
@JamesBakerCPA 8 ай бұрын
Glad you like them!
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@p.c.h.6721
@p.c.h.6721 8 ай бұрын
Thank you, I’ve been waiting for this kind of video for a long time....
@JamesBakerCPA
@JamesBakerCPA 8 ай бұрын
More to come!
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@lucasmg283
@lucasmg283 2 ай бұрын
Could you give us the link of the a62a3 section on IRC?. Please, I couldn't find it.
@maneesmhrzn5552
@maneesmhrzn5552 3 ай бұрын
do you help non residents to register llc??
@aimeowycats
@aimeowycats Ай бұрын
What about annual franchise tax?
@wagnermozart5075
@wagnermozart5075 6 ай бұрын
Hı. I have little question ; İ m a non us citizen,I will open a LLC in 2024 and ı m a software developer,if earn money from my Llc such as online marketing. I have to pay my tax directly to IRS but you said if your sales came from international the LLC wont pay any tax..is that correct?
@DanielPradoBurgos
@DanielPradoBurgos 2 ай бұрын
I do have a big question though, if I set up a server in the US, and setup an online service (an app for instance), I'm not charging for the software I coded but will be charging for the value provided by the app. Where would be the location of activity then? Is that taxable income from the US?
@lyahof
@lyahof 6 ай бұрын
Hey! Publication 519 (page19) says: "All profits or losses from U.S. sources that are from the operation of a business in the United States are effectively connected with a trade or business in the United States. For example, profit from the sale in the United States of inventory property purchased either in this country or in a foreign country is effectively connected trade or business income...". This text is also appears at irs's ECI explaining page. Can you comment on this? Seems like selling physical goods to US customers IS ECI.
@jeveuxpasdechainecal
@jeveuxpasdechainecal 3 ай бұрын
I don't like that he didn't reply to this. Some trust has been lost here. I was about to make an appointement with him but I am not too sure anymore.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@Powerplay720
@Powerplay720 8 ай бұрын
Does a KZfaq or facebook content creator can incorporate LLC and pay zero tax? As I am non US resident
@Bambotb
@Bambotb Ай бұрын
So the llc can receive payments from the US and the owner living abroad doesn’t pay tax?
@jocejoy
@jocejoy 4 ай бұрын
It depends on where you live. You pay the taxes according to the tax rate in the country you live in.
@virgiliomontoya5443
@virgiliomontoya5443 Ай бұрын
Hi James, incredible explanation, I am still missing one part, if I am not resident, I have my LLC and also a personal U.S banking account, what tax should I pay if I do payments from my LLC account to my personal U.S banking account? that is my question. Thank you very much
@JamesBakerCPA
@JamesBakerCPA Ай бұрын
No taxes assuming all services performed outside the US
@saleemmasih359
@saleemmasih359 11 күн бұрын
very good inforemation ,,,,please i need information may i get payment gatway outside of USA ?
@JamesBakerCPA
@JamesBakerCPA 9 күн бұрын
I only help with us payment gateways but you can try stripe
@bullkmarketingsoftwares9126
@bullkmarketingsoftwares9126 9 күн бұрын
Have you made any videos about strip payment gateway.?
@smartmoon786
@smartmoon786 8 ай бұрын
Amazing content. You're absolutely right that there's no dedicated content for non-residents. I wanted to ask if I get a US LLC, which is not owned by a single member but by a foreign company (parent company) will I be able to apply for US business credit cards? Also will I need to get ITIN if suppose my UAE company owns the US LLC? THANKS 😊
@JamesBakerCPA
@JamesBakerCPA 8 ай бұрын
There are great questions. To answer them correctly I would like to jump on a free call with you. You can book in here - jamesbakercpa.com/schedule
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@MrTakhir
@MrTakhir 2 ай бұрын
Great and simple explanation for foreigners thank you.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@krester3025
@krester3025 7 ай бұрын
Hi great content as always but I've a question is that what if foreign LLC owner want to sell the company from whatever valuation. Will they get taxes after the payout?
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@ATTIQOP
@ATTIQOP 2 ай бұрын
what if I am a e-commerce seller (amazon) and first i am not a us resident and form llc and later on i become a resident
@ShezanSaleemakaJOG
@ShezanSaleemakaJOG 7 ай бұрын
I'm a video production company in Canada and want to start selling my service in U.S. If I register an LLC in one of the tax free state, as non U.S resident and then seek business from states other than my registered state. Do i have to charge tax on my invoices to the clients in U.S? Also since I won't be there in person in any state, I will be hiring local photographers or videographers to go on site and film and photograph for me, does that count as employee and I'm subject to tax? Because I'll probably be paying the contractor via PayPal. Would appreciate the insight. Thanks
@Lyushenkod
@Lyushenkod 3 ай бұрын
Corporation have same rights as an llc in this matter?
@ghostwyzardkhal
@ghostwyzardkhal Ай бұрын
Hi, just to clarify, me and my brother are the owners of a registered LLC in Wyoming and we are Non US Residents (foreigners ) living in Sri Lanka. Are we supposed to file for any taxes ( sales tax, etc) in the USA ? . We provide services from outside of the US. We are only simply registered in the US . would appreciate the reply thanks
@HumbertoPelaez
@HumbertoPelaez 6 ай бұрын
Excelente contenido James. Tengo una pregunta: Si mi empresa es una LLC registrada en USA, qué comprobante de pago debo entregarle a un cliente de Panamá, que paga con transferencia bancaria a la cuenta de USA de mi LLC, para que le sirva en su declaración de impuestos de Panamá y pueda registrar los pago que le hace a mi empresa como un gasto?
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@user-jh6nv8ni6n
@user-jh6nv8ni6n 6 ай бұрын
Hi James, Can i open LLC that will owned by foreign corporation from Panama and what is the arrangement for taxes in this scenario
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@9inventions815
@9inventions815 8 ай бұрын
Hello James , thanks for the valuable info you sharing, I set up LLC In Wyoing activity Social Media and wanna do business on Real Estate industry buying Lands and engaging in wholesale Realestate in different States. - Is it a problem for me if doing different activity with the LLC as for now I want to Only do RealEstate business with the LLC. - What are the Taxes I need to file for the LLC. - FERPTA will be applied when selling any property as foreigner , what file should i submit.
@lextor4712
@lextor4712 6 ай бұрын
Hey may I ask you if you've found your answer to your first question? I wonder also if a LLC can be used for another purpose than initially intended.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@mikesamouel4791
@mikesamouel4791 4 ай бұрын
Hey, firstly do you offer llc registration as an agent representative? Secondly as an e-commerce site, with dual citizenships how do i choose which country to pay the other tax? (Huge difference between both of them)
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@lalgonultas
@lalgonultas 16 күн бұрын
I am a foreigner who does not reside in the USA. I run an online travel agency. I do not organize tours in the USA and I have no customers in the USA. In this case, to whom will I pay taxes
@natashashillingford916
@natashashillingford916 4 ай бұрын
Good video. So we pay no taxes in the US. But do we pay taxes in our resident country? I live in the UK and want to know of I have to declare it.
@joedichiara6525
@joedichiara6525 2 ай бұрын
He's wrong. Don't do it. This is the instructions on form 5472. A foreign owned LLC is NOT a disregarded entity. It's taxed as a Corporation and has to pay corporate income tax Foreign-owned U.S. DE. A foreign-owned U.S. DE is a domestic DE that is wholly owned by a foreign person. For tax years beginning on or after January 1, 2017, and ending on or after December 13, 2017, a foreign-owned U.S. DE is treated as an entity separate from its owner and classified as a corporation for the limited purposes of the requirements under section 6038A that apply to 25% foreign-owned domestic corporations. See the final regulations at IRS.gov/irb/ 2017-03_IRB#TD-9796.
@Bambotb
@Bambotb Ай бұрын
@@joedichiara6525 but Delaware has 0% corporate tax so ?
@vytorbrb3568
@vytorbrb3568 6 ай бұрын
Hi James, a very good niche for u is software developers, like me, I live in Brazil and i code for US/CAN based companies, does this activity is taxable ? Also so far I have a “Brazilian llc” however I’m looking to decrease my taxes, by opening an llc in America, so far I’m paying 9% on my income, and I’m looking to pay 0 😅
@wasimshahzad2720
@wasimshahzad2720 12 күн бұрын
Have you find any solution?
@PakistanBestPriceStores
@PakistanBestPriceStores Ай бұрын
Hi, I am non resident , owner of an LLC and have ITIN, so which option I have to select Married or unmarried, I am married in Pakistan.
@mytube1000javed
@mytube1000javed 3 ай бұрын
If I want to sell a product , through my US LLC from say India. Then what are tx implications?
@JamesBakerCPA
@JamesBakerCPA 3 ай бұрын
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@abdulrabb1616
@abdulrabb1616 4 ай бұрын
please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
@JamesBakerCPA
@JamesBakerCPA 4 ай бұрын
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@tamaradanielson500
@tamaradanielson500 4 ай бұрын
If you have one partner that is in the US and two partners that are foreign, do the foreign partners need to file a 1040-NR and pay taxes on the income from the K-1?
@JamesBakerCPA
@JamesBakerCPA 4 ай бұрын
Hi Tamara! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@milkovivaldi
@milkovivaldi 6 ай бұрын
Una LLC che opera sia negli Stati Uniti che all'estero può pagare le tasse solo sul reddito interno (immobiliare) e non su quello guadagnato in tutto il mondo?
@gillianwoodbine7445
@gillianwoodbine7445 8 ай бұрын
does the LLC have to be foreign in order to not pay taxes or does this work with a US LLC
@ScottJLetourneau
@ScottJLetourneau 7 ай бұрын
You would pay U.S. taxes as a U.S. resident with your LLC (unless it was taxed as a c corp, then corp taxes at 21%).
@UltimateAdventuresKE
@UltimateAdventuresKE 4 ай бұрын
I have an LLC registered in June 2023 and its an online tour agency, when am I supposed to file taxes and which form do I need? Many comapnies I deal with in the US also ask me to fill W9 form is it ok to fill it?
@Hmmm0x
@Hmmm0x 4 ай бұрын
April
@UltimateAdventuresKE
@UltimateAdventuresKE 4 ай бұрын
@@Hmmm0x which form do I fill and is the W9 form necessary?
@web3king
@web3king 3 ай бұрын
But James I say, what if I have a USA SSN (because I legally worked in US for a short period) and have a single-member LLC selling on amazon and shopify? Still zero taxes? Hope you are not gonna charge me $500 to answer this question :)) Thanks a lot for doing this btw, it's really hard to find anyone who is really knowledgeable in this topic.
@NatnDee
@NatnDee 4 ай бұрын
I want to schedule a call. How can I do that?
@JamesBakerCPA
@JamesBakerCPA 4 ай бұрын
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@lisandrohenriques2523
@lisandrohenriques2523 8 ай бұрын
Please make a new video for a non resident that want to create the LLC for trading crypto. And also the best exchange we can use. Not FTX 🤣
@bipl8989
@bipl8989 2 ай бұрын
The USA is the biggest financial paradise ever.
@alwaystrendz6538
@alwaystrendz6538 8 ай бұрын
So if you have an e-commerce business you should pay taxes in the US as it says on their website in the Effectively Connected Income (ECI) "If you own and operate a business in the United States selling services, products, or merchandise, you are, with certain exceptions, engaged in a trade or business in the United States. For example, profit from the sale in the United States of inventory property purchased either in this country or in a foreign country is effectively connected trade or business income."
@lyahof
@lyahof 6 ай бұрын
Also thinking in that 🤔 Someone advise please
@Bambotb
@Bambotb Ай бұрын
Not if you live abroad llc in some states have 0%
@BEDROCKBUSINESSBUILDERS
@BEDROCKBUSINESSBUILDERS Ай бұрын
Thats at the state level.. lol IRS is Federal. The rules are clear-cut. Black and white, my friend.
@MiguelDantasC
@MiguelDantasC 8 ай бұрын
Im foreign owner of an LLC, we work with online courses and we sell mainly to US, revenue over 250k year for US clients. So I can still pay no taxes? We dont have any physical presence in the US, no employes and nothing like that
@jimbaker
@jimbaker 8 ай бұрын
Correct, no taxes!
@smartmoon786
@smartmoon786 8 ай бұрын
But you have to get the tax returns filed properly every year, of course you won't be liable to pay any tax but have the get the filings done. 😊
@abdulrabb1616
@abdulrabb1616 4 ай бұрын
​@@smartmoon786please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
@davidyoung6776
@davidyoung6776 Ай бұрын
bad tie
@JamesBakerCPA
@JamesBakerCPA Ай бұрын
No way, I love this tie
@kevinshank4222
@kevinshank4222 3 ай бұрын
So when did we become slaves to have to pay tax from our labor according to the supreme court the government is not
@wagnermozart5075
@wagnermozart5075 6 ай бұрын
Foreign owners LLC with ZERO tax😂😅 impossible...
@mousamkonwar12
@mousamkonwar12 4 ай бұрын
Yes , you need to pay income tax in your home country.
@abdulrabb1616
@abdulrabb1616 4 ай бұрын
​@@mousamkonwar12please guide me..i made a non US resident two member LLC in Virginia last year and i ll be doing amazon whole sale only..Will i be taxed for state income tax?.. i am worried if this is true.. i am planning to move my llc to some other states where there is no state income tax..what do you suggest?
@murshed12
@murshed12 3 ай бұрын
​@@abdulrabb1616yes...u have to pay taxes there..... Floria, Wyoming like this States Don't require taxes
@abdulrabb1616
@abdulrabb1616 3 ай бұрын
@@murshed12 no we don't
@davidniggemeyer1692
@davidniggemeyer1692 Ай бұрын
So foreigners don't pay taxes but Americans do.
@JamesBakerCPA
@JamesBakerCPA Ай бұрын
Obviously it depends on where the income is earned. But the same way, I am American I don't pay taxes in other countries. I could open a Canadian LP and not pay taxes there. Loopholes abound!
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