An LLC and C-Corporation in the United States can offer many tax advantages to non-US persons. Correctly setting up your entity and filing taxes in the US can be complicated. If not done correctly,...
Business Tax Articles
How To Open A US LLC When You Don’t Live In The US
A US-based LLC can have a variety of advantages for both American and foreign entrepreneurs abroad. To open a US LLC you don’t even have to live in the US. An LLC is essentially a hybrid between a...
Who Must File Form 5472?
If your US company has a foreign owner or foreign shareholders, then the company probably has to file form 5472 with the IRS. Form 5472 is an Information Return that a 25% foreign-owned US...
US LLC Taxes – A Potential Tax Haven For Foreigners, And Still A Good Option For US Taxpayers
Updated Jan 15, 2020, by John Hamilton, CPA A US-based LLC can have great tax advantages, especially for foreign entrepreneurs abroad. Even for US taxpayers, LLC taxes can be favorable. An LLC is a...
5 Tax Tips For Amazon Sellers And Other E-Commerce Entrepreneurs
Selling online through Amazon, eBay or any e-commerce site offers a great opportunity to make a location-independent income. If you are selling online in the US market and generate a steady income,...
LLCs And Taxes For Amazon Sellers (With Video)
By Vincenzo Villamena, CPA When starting an Amazon business, every seller needs to understand the available business structures and Amazon seller tax implications. The best business structure for...
What You Need To Know About The 20% Pass-Through Deduction
By Vincenzo Villamena, CPA The 2017 Tax Cuts and Jobs Act created a new 20% deduction for pass-through income. At first glance, this sounds like a great tax saving for single-member LLCs and sole...
Should International Business Travelers Use Per Diem Travel Expenses?
By Vincenzo Villamena, CPA Tracking travel expenses in order to get reimbursed or to deduct them from your taxes can be a lot of hassle. You have to keep detailed receipts for everything. One way...
US Tax Reporting Requirement For Foreign-Owned LLCs
By Vincenzo Villamena, CPA Are you a non-US person with a US LLC? Then you need to be aware of the US tax reporting requirement for a foreign-owned LLC, IRS Form 5472. Before 2017, foreign-owned...
LLC vs S-Corp – Which Is The Best Small Business Structure
Most US entrepreneurs and small business owners set up an LLC when they want to “make it legal”. LLCs are easy and comparably cheap to set up and operate. They can also be tax efficient, especially...
