How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Lane Your Own Question

Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 4532
Experience:  Juris Doctorate, CFP and MBA, Providing Financial & Tax advice since 1986
1929974
Type Your Tax Question Here...
Lane is online now
A new question is answered every 9 seconds

im not a US citizen nor resident, i usually visit the US for

Customer Question

i'm not a US citizen nor resident, i usually visit the US for no more than 2 weeks a year.
i wanna establish a Delaware LLC for the sake of exporting good purchased from the US and being exported to all over the world. however we do not sell inside the US. and we are going to use our bank account heavily to receive and send funds.


my question is: do we have to pay taxes as a company? as an owner?
is there any IRS filing requirements yearly?
Submitted: 1 year ago.
Category: Tax
Expert:  Lane replied 1 year ago.

NPVAdvisor :

A single member LLC, where the sole member is a foreign person for U.S. tax purposes (meaning he or she is not a US citizen, does not have a U.S. green card or who does not reside in the US. for more than a month or so each year)? ... The LLC is ignored for U.S. and most states income tax purposes.

NPVAdvisor :

This aplies only to SINGLE member LLC's

NPVAdvisor :

Hence, any income earned is treated as earned directly by the foreign person. Such income is not subject to U.S. taxation so long as the foreign person did not perform his services or sales activity in the U.S. himself or thru an employee or agent.

NPVAdvisor :

The foreign person, employee of the foreign person (or agent thereof) must be physically present in the U.S. while earning the income. It is apparent that many, if not most of the single member LLCs are conducted purely over the internet, or completely outside the US in some other manner, with no physical presence in the U.S.

NPVAdvisor :

No reporting of the income nor are payments of any taxes required.

NPVAdvisor :

To form the Delaware LLC you must basically do the following:

NPVAdvisor :


Form a Delaware LLC

NPVAdvisor :

You must maintain a Delaware registered agent,

NPVAdvisor :

You must pay the state of Delaware an annual fee to keep the LLC in good standing

NPVAdvisor :

Hope this helps

NPVAdvisor :

Lane

Customer: replied 1 year ago.

Hi Again,

 

Thanks for replying, below some related questions:

 

  • As a company do we have to file taxes with the IRS?
  • As a person do i have to file with the IRS?
  • in Delaware owner information is kept secure, how can the IRS know about individual taxes?
  • there is no tax treaty between the US and my home country, does that change anything in my case?
  • i'm buying all my goods from the US and selling them overseas, do they consider my income as a US income?

 

 

Expert:  Lane replied 1 year ago.
As a company do we have to file taxes with the IRS?
As a person do i have to file with the IRS?again, IF you are single member LLC , No

in Delaware owner information is kept secure, how can the IRS know about individual taxes?
Unless you are a corporation they will not.

there is no tax treaty between the US and my home country, does that change anything in my case?
No

i'm buying all my goods from the US and selling them overseas, do they consider my income as a US income?
As long as you have no presence in US and are buyin from afar. No

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
 
 
 
Chat Now With A Tax Professional
Lane
Lane
JD, MBA, CFP, CRPS
3661 Satisfied Customers
Juris Doctorate, CFP and MBA, Providing Financial & Tax advice since 1986