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Global Business Growth Club

1.7k members • Free

3 contributions to Global Business Growth Club
Keeping ITIN active / renewal - filing 1040NR nil
Got a question for those who have experience with this: I am a non resident, have an ITIN and am non ETBUS / no US source income / effectively connected US income. This means in my case I will not need to file form 1040NR since nothing to declare. However I would like to keep my ITIN active - best case scenario without needing to extend it approximately every 3 years (which is basically almost the same process as applying for a new ITIN). Several people told me something I had also considered: To file form 1040NR nil with nothing declared. Hence the ITIN would be used and stay active. But I don't have data on this from the real world. Seems the people who have advised doing this only had the one argument that this would keep the ITIN active but what about possible negative effects? Is this safe to do? I don't want to create any problems - e.g. the IRS double checking things on my business / assessing if ETBUS / non ETBUS or anything like that. Are there people here who know if filing 1040NR is common practice and completely harmless? Would be great to know if this is in fact a viable solution to easily keeping an ITIN active for businesses that are not ETBUS.
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New comment Feb 13
0 likes • Feb 8
@Paola Moreno @Zero One Since there have been 2 people commenting, one suggesting nil filings don't work and the other that they do work - could you kindly share how you arrive at the conclusion that they do work? Thank you.
0 likes • Feb 13
@Zero One Thanks, very much appreciate your reply. If you ever have a question about US business, tax, banking, etc. feel free to hit me up. Will be my pleasure to help where I can.
Confused on my TAX obligation.
Hi there, I have an LLC in Wyoming. I am a non resident, resident of Nepal (no TAX treaty with US). I am a software developer earning ~99% of my income from US clients in USD. The funds are going to my LLC bank account. I have no operations, no employee, no office in US, and I have never been to US. Now I am confused weather my earning is ECI or US sourced income. One CPA said it is ECI because I have US clients, other said since I perform my service in my home country it isn't. 1. How should I classify my income? 2. For separate reasons I want to obtain ITIN number, will that change my situation and obligation? Whats the best way forward to file taxes for LLC and also obtain the ITIN number. This might be a lot to ask, but would like to connect with like minded people to understand this better.
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New comment Feb 6
1 like • Feb 5
@Avaaj Gyawali Quote: consult with certified acceptance agent to get the ITIN as a separate task where I dont need to mention anything about my LLC - YES You should properly inform yourself about the purpose of 1120 and 5472. I cannot DM you, either. You can like my posts, then I might be able to.
2 likes • Feb 5
@Avaaj Gyawali Technically you will need to attach documents regarding your llc to your ITIN application. You will figure that out with your acceptance agent. You're mixing up itin application and annual compliance filings with the IRS.
How to get a "US physical address"???
Hey guys! I already have an online business, Mercury account, and all the good stuff. I found about James on YouTube after looking for ways to get a "us physical address" for my business. Mercury asked for another "physical address" because they are no longer accepting mailcenters, po boxes, and registered agents. The address that I have is from iPostal1. Do you have any advice? I'm planning on using the address from the business I use to bring back to my country all the things I shop on Amazon. The truth is that I have no physical presence in the US.
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New comment Jan 5
0 likes • Dec '24
@Dan R. I just ran into the very same problem a week ago but got a good fix now. You just have to think around the corner a bit.
0 likes • Dec '24
@Dan R. Replied to the wrong comment initially. - Had that problem but now fixed. There are a few ways to handle it which I think all potentially work. The first way I tried did it for me but I can think of at least 3, also depending on the service provider for the commercial lease that you're with at the moment. Which provider did you use?
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Jonathan Kling
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11points to level up
@jonathan-kling-3418
E-Commerce. Consulting.

Active 32d ago
Joined Dec 26, 2024
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