If you’re not a U.S. citizen or resident and you own a U.S. LLC (often formed in Wyoming), here’s what to know. Good news first - Wyoming doesn’t add extra rules for foreign owners - No Wyoming income tax - Simple annual state filing The important part (federal) Even if your LLC made $0: - You must file IRS Form 5472 - Plus a pro forma Form 1120 - Missing this can trigger a $25,000 penalty Think of this as ownership reporting, not a tax bill. You’ll also need - An EIN (no SSN required) - A U.S. bank account for Stripe or Skool Taxes depend on activity - If you have U.S.-sourced income or U.S. business activity, a U.S. tax filing may apply - If not, reporting-only still applies Your home country still matters Example: Australia - You usually report worldwide income there - The United States–Australia tax treaty helps prevent double tax - It does not remove U.S. filing requirements Bottom line - Wyoming keeps things simple - The IRS cares about transparency - No income doesn’t mean no filing - This is about compliance, not tax avoidance If you’re unsure how this applies to your situation, treat this as a heads-up, not a red flag. We can walk through specifics when needed if you join the Premium or VIP tiers. Skool of Tax Taxes done for you, not to you...