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Hello, i'am watching a lot of your videos . I've a question i can't find an answer for .. Sometimes you say for LLC foreign owners . ( 100% ownership) 5472 is mandatory but sometimes you say 5472 + 1020 . So i'am a little bit confused :D . A second small question .. i didn't find a video Where you talk on where to fill and Where to send back ? Thank you very much sir.
7:11 What do you mean by you don't need to pay income tax if you serve US customers with 3PLs in the US? I thought you only dont need to pay US income tax if you are not conducting business in the USA with your LLC.
Do you know a way for US residents who receive funds from an investment in Canada and pay a non resident tax in Canada, how they can recover that non resident tax from Canada? Thank you
Very Informative. I have a question! I have single member LLC, im non US resident (from Pakistan) and only sell on amazon thru FBA and 3PL. My company was registered last year april, 2023. Which forms do I need to file also what is the medium? can it be done online or needs to be done through mail or fax?
if you are a SMLLC then you need to file a 5472 + 1120 proforma. There is a 25K penalty for not filing the 5472 and you can fax them both. As for the FBA and 3PL- if you are not in the US and all you do is manage the orders there is no US source income and you dont need to pay any taxes. HOwever, depending on the state and type of goods you sell you may be liable for state income tax.
I made 17k and they only took $400 off federal and they also messed up my 2022 taxes and got no federal and im only getting $38 back what should I do? I haven't got my taxes for 2 years they even said thy fixed it last year
@@JamesBakerCPA My W2 They said they can't do anything about it working at McDonald's for 2 years made around 17k I should be getting a few grand back in taxes so I thought can I sue? My employer said they fixed it so I waited another year and same problem they took out no federal and I have proof over the 2 years no federal was taken out so I got no money in taxes and I won't ever be getting the money Im owed for taxes idk what to do
Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on UA-cam?
Get A Free one-on-one 30-minute strategic Consultation - www.jamesbakercpa.com/schedule
great info! Thanks
Great vid!
Bro you the best
That’s what I am looking for 😎
Hello, i'am watching a lot of your videos . I've a question i can't find an answer for .. Sometimes you say for LLC foreign owners . ( 100% ownership) 5472 is mandatory but sometimes you say 5472 + 1020 . So i'am a little bit confused :D . A second small question .. i didn't find a video Where you talk on where to fill and Where to send back ? Thank you very much sir.
How do we file the taxes for a partnership company in Wyoming for a non resident american. Is it online or should be sent to some other address?
7:11 What do you mean by you don't need to pay income tax if you serve US customers with 3PLs in the US? I thought you only dont need to pay US income tax if you are not conducting business in the USA with your LLC.
Do you help filling form 5472?
Do you know a way for US residents who receive funds from an investment in Canada and pay a non resident tax in Canada, how they can recover that non resident tax from Canada? Thank you
The question is where did you get the 76% from ?
Very Informative. I have a question!
I have single member LLC, im non US resident (from Pakistan) and only sell on amazon thru FBA and 3PL. My company was registered last year april, 2023. Which forms do I need to file also what is the medium? can it be done online or needs to be done through mail or fax?
Hi. Have you filed your forms? Which one you filed so far. Kindly provide some details.
if you are a SMLLC then you need to file a 5472 + 1120 proforma. There is a 25K penalty for not filing the 5472 and you can fax them both. As for the FBA and 3PL- if you are not in the US and all you do is manage the orders there is no US source income and you dont need to pay any taxes. HOwever, depending on the state and type of goods you sell you may be liable for state income tax.
I made 17k and they only took $400 off federal and they also messed up my 2022 taxes and got no federal and im only getting $38 back what should I do? I haven't got my taxes for 2 years they even said thy fixed it last year
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ ! 😁
@@JamesBakerCPA My W2 They said they can't do anything about it working at McDonald's for 2 years made around 17k I should be getting a few grand back in taxes so I thought can I sue? My employer said they fixed it so I waited another year and same problem they took out no federal and I have proof over the 2 years no federal was taken out so I got no money in taxes and I won't ever be getting the money Im owed for taxes idk what to do
Well, my LLC was formed in June 2023.So do I wait till April 2024 to file taxes?
Correct
Which form do I use as foreigner?@@Skyleep
@@UltimateAdventuresKE depends on the type of LLC, if Single Member than 1040 and 5472
@@Skyleep It's a Single Member LLC, but 1040 I'll need an ITIN which I don't have
@@UltimateAdventuresKE just add w7 form with it and IRS will issue you a temporary ITIN which can be used for tax filing purpose only