We are considering setting up a MMLLC (taxed as partnership, filing 1065) with one US partner, and one foreign partner (disrelated, not family). If the foreign partner owns 25% or more, is a 5472 required?
I have clients in every niche who are experts. I am exploring the idea of collaborating with them to create exclusive content for this group. Let me know here what would be most valuable for you right now. Also look at other responses and give a like if you are interested in that too - as we'll be starting with the most popular topics
I’m struggling to understand tax implications of moving crypto from one SMLLC to another, without selling or trading it. Both llcs owned by me. It seems like it should not be a taxable event but earlier Grok was saying it’s taxable. Now grok says it’s not a taxable event.
So I'm currently in the process of opening a RelayFi account with James' link and everything's going well EXCEPT that Relay asked for proof of my physical address in the form of a bank statement or utility bill. The want to see my name/business and the address I registered in the application. I used my iPostal1 address which is a "Digital Mailbox Service" (according to them) although they provide you with a real physical street address. For the ones who have a RelayFi bank account... how did you verify this? Any support is highly appreciated 🙏🏼
I also considered applying for RelayFi for an LLC. But are you saying they don’t accept anything except utility bill? Not voter ID, Driver’s license, or IRS documents?
Hi, do you know any good provider for a proof of address that is accepted at Relayfi since there are very strict with their proof of address requirements. I have provided a landline phone bill and it was rejected. Do you know any good alternatives that might give no headache?
I was watching a video where JB was talking about proof of business address and that he uses sub-lease agreements for his clients. But given the business has to have the EIN in the same address, why couldn't the EIN letter from the IRS be uses to prove the business address? Anyone have any thoughts on this?
I recently used IRS correspondence for address verification on Mercury. I had changed the name of an LLC and informed the IRS and they wrote back to acknowledge that. Now I’m wondering if that could also work for a change of address.