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5472 PART IV?
Quick question: For a single-member foreign-owned LLC filing Form 5472, where should money draws to the owner be reported? I see some using Part IV, while others use Part V/VI with an attached statement. Are both approaches acceptable?
0 likes ‱ Mar 13
You gotta use Part V. But, it's **PROBABLY** fine to use either one (Part IV or V), as there seems to be difference of opinion amongst people, which means some use one method, some use the other method, which means that IRS probably accepts both.
Total assets on Pro-forma 1120 and Form 5472?
Are total assets required to be filled in on the 1120+5472? Also, do we need to sign pro-forma 1120? How is this field needs to be filled? Do we need to just type our full name as a signature, or do we need to insert an actual signature? Do we tick the Yes on the right, or can we just leave it blank, or check No? Is the amount paid to form the LLC count as contributions?
Total assets on Pro-forma 1120 and Form 5472?
0 likes ‱ Feb 27
@Janak Mahatara create a new post in the community, mention your country or whatever problems you have. People will help out
0 likes ‱ Feb 27
@Paola Moreno Got it, thank you!
Wise asking for a proof of address
Recently I received an email from Wise asking for a proof my trading address, I'm not a US resident so I put my country home address as my trading address since that's when I do most of my work, I send them my passport as proof but I received another email asking for a proof with my business name on it, anyone have the same problem if so how you managed to solve it?
Wise asking for a proof of address
0 likes ‱ Feb 26
Is it possible to use your registered agent's address? If not, what address provider services are out there?
YouTube Adsense doesn't support my country, what to do?
Hi, everyone. I work in YouTube consulting niche, and wanted to start my own channels, but Adsense or YouTube Partner Program doesn't include my country in their lists of supported countries. Does anyone know if you can get eligible for them through a US LLC? And how would you do that? What mailing services YouTube can send your PIN to, as they don't accept PO addresses? Anyone has experience?
YouTube Tax Withholding For NRA SMLLC?
Hi, wanted to ask, if someone has experience, how does YouTube tax withholding work for NRA SMLLC owned channels. Do they withhold tax from revenue from US viewers, send it to IRS, and then you can file for partial refund? Do they withhold tax only from revenue from US viewers or all viewers? What should I know about all that?
0 likes ‱ May '24
@Jacob Rhoden Yeah YouTube revenue is counted as royalties, not sure about the memberships, super thanks and all that, but revenue from YT Premium and Adsense is considered royalties. I'm also curios, when YouTube withholds tax for US sourced viewers, is it gone? Or do you talk to IRS and get it refunded or partially refunded or something else happens?
0 likes ‱ Nov '24
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