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When I open a LLC with in the US as a European business.

When I open a LLC with in the US as a European business. Then I have sales and income tax in the US, but will I pay the income tax double? Because I also pay income tax in European business.

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Mark Taylor

Certified Public Accountant

Masters

3,376 satisfied customers
Have a business in Europe, but I'm selling mostly to US

Have a business in Europe, but I'm selling mostly to US customers. Customers will order in my webshop, I will order it with a supplier in China or US and they send it directly to the US customer.Do I have to pay any tax in US or just pay tax in Europe?

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Robin D.

Vocational, Technical or Trade School

24,938 satisfied customers
US taxation of foreign company. I am a US citizen. My

US taxation of foreign company.I am a US citizen. My mother, who is not a US citizen, owns a foreign (non-US) company which sells digital products online. The customers are worldwide, including the US. Is my mother or her company liable for any US tax on sales to US customers?

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taxmanrog

Master's Degree

1,148 satisfied customers
I'm advising a customer of ours about the impact of opening

I'm advising a customer of ours about the impact of opening a warehouse in Illinois. I have heard in the past that Illinois charges a tax for inventory stored in warehouse. Do they still do that?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: This is for a warehouse. Finished goods will come into warehouse and be stored for a period of time. Then based on orders, inventory will ship out of the warehouse. Is there a tax on inventory like this in Illionios?JA: Is there anything else the Accountant should be aware of?Customer: no

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,524 satisfied customers
Please read this post See this post. If we incorporate as

Hello,Please read this postSee this post. If we incorporate as LLC in Delaware, we will not require to pay any taxes neither from sales to US Customers nor from international customer. Please confirmPakistan is also in tax treaty.http://www.webhostingtalk.com/showthread.php?t=331329Our company operation office is in Pakistan. Our company is also incorporated in Florida as LLC. We are currently using 3rd payment processor who transfer payments to our Pakistani bank on monthly basis. Now we are looking for actual payment gateways for payments.We sell software to international and US customers bothI also have 5 year multiple USA visa.Now here is something which I want1. Our monthly sales average is US$ 20,000 per month.2. I want to open bank account with my company name3. After every 15th days, I will wire transfer from US bank account to Pakistani bank account which is deposited in this 15 days.4. Will there any taxes involved? We are paying taxes in Pakistan and don't want to pay multiple taxes5. How this all work after my visa expire?Thanks

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

21,524 satisfied customers
I plan to open a LLC in USA where operation of the business

I plan to open a LLC in USA where operation of the business will be handled offshore. One option is to set up LLC as a single person LLC and show all the expenses and profits of my India Partner as expenses of LLC. This will keep obviously keep it simple but may increase tax liability as all profits will pass on to my personal tax return. I am expecting profits to be very small in the beginning.Another option is to set up LLC as multiple partners (me and offshore partner). Multiple partner LLC would be more complex than one partner LLC especially because offshore partner will be involved.I know that LLC can be created with multiple partners. I wanted to seek your help in guiding me with pros and cons of these 2 approaches and a recommendation.

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Lev

Retired

Bachelor's Degree Equivalent

25,384 satisfied customers
There, First off, my apologies wall of text

Hi there,First off, my apologies for the wall of text but I like to sketch the situation as detailed as possible and really, I have never received a clear or accurate answer to this, not even from my local accounting firm(which has international connections in the US).Here's the case:In late 2015 I have registered a single-member LLC in Delaware as a non-resident(I am from Belgium). The reason for this is that I did plan to only sell to US customers + set-up costs for a company over here are way higher.For the past 5-6 months I have been selling physical products on Amazon(US).The process is pretty much this: my US supplier manufactures the goods, ships them to one or multiple Amazon fulfillment centers/warehouses, then ships the customer who has made an order on the Amazon platform.In other words, I never get to see the products myself.For the past few months, I have been in contact with a local (Belgian) accounting firm.Unfortunately, as I am such a small starter and haven't turned profitable yet, they seemed to put me on the side and in the dark for pretty much this entire period of time.When they did contact me a few days ago, the only thing they could tell me was that I would need to pay income tax in the US, and not Belgium(contradicting what they initially had told me weeks/months ago).What I was wondering really, as I am a Belgian resident with an US LLC things get MUCH more complicated than it seemed at first hand. The accounting firm just gave me a two possible outcomes/quotes that he still needs to figure out himself:outcome 1: If there is no permanent establishment and no state nexus then he will probably charge me $3000 for the Federal protective tax return and treaty based return disclosure in this first year, and $1500-$2000 each year thereafter.outcome 2: if there is no permanent establishment BUT a state nexus(which I'm guessing it is as I have physical products stored in Amazon's warehouses), then this would immediately means a fee of AT LEAST $8000.Here was the full email that the collegue sent to my accountant in regard to getting my single member LLC's administration in check:"I think that a short memo outlining the key US Federal income tax issues (including an introduction to State taxation) should cost approximately $3,500. That assumes that the enterprise will undoubtedly constitute a permanent establishment. If this is not a clear case and we need to analyze whether or not the LLC constitutes a PE, the fee should increase by $2,500.We should also review whether the LLC creates a taxable presence (“nexus”) in particular States (be it for State income tax or for sales & use tax purposes). The fee for an in-depth State nexus analysis would need to be discussed with our State & local tax (SALT) team.Going forward, I would anticipate tax compliance costs to be as follows:Alternative 1: no PE in the US, no State nexusFederal protective tax return and treaty based return disclosure: $3,000 in year 1; $1,500-2,000 in subsequent yearsAlternative 2: no PE in the US, but State tax nexus (incl sales/use and income tax)Federal protective tax return and treaty based return disclosure: $3,000 in year 1; $1,500-2,000 in subsequent yearsPro-forma Federal tax return (as basis to determine Federal taxable income for State tax purposes: $3,000 - $4,000State income tax returns: $800 - $1,000 per StateState sales & use tax compliance: TBDAlternative 3: PE in the USFederal tax return: $3,000 - $4,000State income tax returns: $800 - $1,000 per StateState sales & use tax compliance: TBDBest regards"My questions:- Are these the effective costs that I will need to pay to be fully compliant with the laws and legal side, as a non-resident single member LLC? I have spoken to a few LLC owners(including non-residents) over these past few months, and never has someone mentioned something of this scale...- Where would my business have a 'Nexus', just in the states where my product are/were stored or in every state that a customer has ordered from?- I've gathered from other sources(not my accountant) that I would need to do the following; "since the single member owner is a foreigner, you file 1040NR and W8-BEN and the withholding tax is 30%." Is this accurate?Not even my accounting firm seems to know exactly what they should do, so I'm feeling a bit lost and helpless here...PS: I have an 'official' address in Florida through MyUS.com, so I can receive letters/mail/packages.

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Lev

Retired

Bachelor's Degree Equivalent

25,384 satisfied customers
I live in Australia. I have an LLC in the US. The LLC company

I live in Australia. I have an LLC in the US. The LLC company has a US bank account. The business i have is 100% selling online products through Amazon.com. At the moment i am paying tax in the USA and the tax return in Australia shows nothing owing. I don't have any physical presence in the USA, by that i mean i don't have an office or staff. I run the business 100% from here in Australian home office.If i set up an Australian company with US bank account for this same business, can i do my tax all in Australia. I am trying to get out of having to do the tax return in the USA if possible.

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Lev

Retired

Bachelor's Degree Equivalent

25,384 satisfied customers
What are the duties and excise taxes, etc (all costs), of

What are the duties and excise taxes, etc (all costs), of importing goods from China? I'm in California. Is it cheaper to chose one port over another? Or just go with the nearest port to receive the goods, because the costs are the same?

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Robin D.

Vocational, Technical or Trade School

24,938 satisfied customers
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