Timeline for LLC tax for non US citizen
Current License: CC BY-SA 4.0
9 events
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| Jun 23, 2023 at 2:48 | comment | added | dave_thompson_085 | @gnasher729+ rather it matters if you are a citizen or "resident alien" as defined in IRC 7701(b); some aliens living in the US are NOT "resident", and citizens or LPRs are "resident" even if they live elsewhere. Resident aliens are taxed like citizens, with many deductions and progressive rates; non-resident aliens get few deductions, progressive rates for income from a US trade or business (which this probably is) (plus gain on real estate), and a flat rate either 30% or set by treaty for other US-source income (like stock dividends). See Pub 519. | |
| Jun 22, 2023 at 21:14 | comment | added | littleadv | @gnasher729 that's not entirely true. California, for example, taxes LLCs on gross revenue. | |
| Jun 22, 2023 at 21:04 | answer | added | littleadv | timeline score: 2 | |
| Jun 22, 2023 at 18:36 | history | edited | Chris W. Rea |
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| Jun 22, 2023 at 13:57 | history | migrated | from law.stackexchange.com (revisions) | ||
| Jun 19, 2023 at 9:13 | comment | added | gnasher729 | To clarify more: A company doesn't pay tax on income but on profit, that is income minus expenses. For employees, or owners of a small LLC, we call all the money they get "income" because they usually don't have expenses. | |
| Jun 18, 2023 at 23:08 | comment | added | gnasher729 | To clarify: It doesn't matter whether you are a US citizen or not, what matters is that you are a US tax payer living in the USA. So here's the most important question: Where do you live? | |
| Jun 18, 2023 at 13:16 | comment | added | Comic Sans Seraphim | A mistake here could be very expensive and potentially land you in legal trouble. Consult a professional rather than random people on the internet. | |
| Jun 17, 2023 at 10:37 | history | asked | trying to learn | CC BY-SA 4.0 |