The Ultimate Guide To Foreign-Owned LLC Taxation
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
Business Tax Articles
New FinCEN BOI Reporting For Small Businesses And Trusts – Beneficial Ownership Information
A new BOI reporting requirement came into effect on January 1, 2024, for US and foreign entities that conduct business in the United States. BOI reporting refers to the obligation to...
All 2024 US Tax Deadlines For Expats And International Entrepreneurs
Planning ahead for your tax filings! Be aware of the 2024 tax deadlines to file your taxes for 2023 on time. Below are the key due dates you need to know for your tax filings for the 2023 tax year....
Entrepreneur Abroad? The Business Tax Guide for Expats
Not all American expats are employed by big companies. Actually, many run their own business while living outside the USA. If you own a business overseas or run your US business from abroad,...
The benefits of LLCs for US Non-Resident Service Providers
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
IRS Form 5471 – A Guide For US Owners Of Foreign Companies
Attention US owners of foreign companies! If you haven't already heard about it, brace yourself for IRS Form 5471 - one of the most complex and constantly changing tax forms that US-owned foreign...
Which Business Expenses Can Reduce Taxable Income for American expats
One of the most frequent questions business owners ask is which business expenses they can deduct to reduce their taxable income. If you are a US taxpayer with a business, either in the US or...
How Accountable Plans Help S Corporations Save Taxes – A Guide for Expats
Many S Corporation owners pay business expenses with personal funds and advance or reimburse themselves. At tax time, they would owe personal tax on the advance or reimbursement. With an Accountable...
Form 5472 Explained: The Top 10 Questions From Expat LLC Owners
This article has been moved to the website of our new brand Entity Inc, specialized in US business formation, tax & compliance for global entrepreneurs. You can read it here.
When To Switch From LLC To S-Corp – A Guide for Expats
Many US entrepreneurs set up an LLC in the beginning because it is straightforward and not too expensive. Generally, this is a good approach for the start as LLCs offer liability protection and...
Self-Employment Tax On Foreign Income – What Expats & Nomads Should Know
Do you live abroad or travel the world and work for yourself? Don’t overlook self-employment tax on foreign income! A common misconception among expats and nomads is that the first roughly $100,000...
Year-end Tax Tips For Expat Business Owners And Entrepreneurs Abroad
2020 has been a tumultuous year for many businesses. As the year wraps up, business owners abroad have little time left for year-end tax planning to save on 2020 taxes. Here are our 5 year-end tax...
