If both Disregarded SMLLC's send money to each other, do they have to pay taxes or are those transactions considered disregarded?

ITIN stands for "!Individual! Taxpayer Identification Number". I've seen a lot of questions about ITIN number. I want to just notify anybody about the necessity to fill a U.S. federal tax return every year in case you want your ITIN to remain active. If you won't fill it won't be active. You assign ITIN for yourself when you fill the tax return form W-7. Primarily it's not an identifier for a bank or a credit rating, it's a number to pay your annual personal taxes in America. If you are a non-resident of the US, you need to pay your personal taxes in the country you reside. Filling the yearly personal tax declaration (which is ITIN created for) is an option for non-residents. Do not consider ITIN as an identificator for the bank/credit cards/credit score on the first place, it is only the second place. Federal tax is the purpose, you should fill the form every year. "If your individual taxpayer identification number (ITIN) expired, you must renew the ITIN if it will be included on a federal tax return." Without renew it will be expired: https://www.irs.gov/tin/itin/how-to-renew-an-itin An ITIN is a 9-digit number the IRS issues if you need a !U.S. taxpayer identification number for federal tax purposes!, but you aren’t eligible for a Social Security number (SSN). You may need an ITIN if you’re a: - Nonresident alien claiming a tax treaty benefit - Nonresident alien filing a U.S. federal tax return - Resident alien filing a U.S. federal tax return - Dependent or spouse of a U.S. citizen/resident alien - Nonresident alien student, professor or researcher filing a U.S. federal tax return or claiming an exception - Dependent or spouse of a nonresident alien U.S. visa holder Source: https://www.irs.gov/tin/itin/individual-taxpayer-identification-number-itin P.S.: If you want to build your personal credit history with the US and want to fill personal taxes every year you should apply for ITIN. Otherwise you will have EIN for any business operations connected with banks, etc.

Hi everyone. The deadline for tax filings is soon approaching. I would like some guidance on the process. While I know it is just over a week away I have very little or nothing to report for the year 2024. Basically my LLC had not made me money since the end of last month. The only items I may need to report are deductions for LLC filing and other small purchases for the LLC. My LLC was formed in August 2024 and the only outgoings I've had was the formation and filing fees. I know I must fill out the 1040NR what other forms are critical for foreign owner LLCs? I would appreciate all and any input

Hi WISE just rejected my transfer from Coinbase institutional account labeling crypto as "illegitimate" I remember both Mercury as well as Relayfi not being comfortable either. What are you guys using currently? Thanks

Hello, I own an LLC in the US. I am neither an American nor a resident of this country. I have applied for an ITIN number because ultimately I want to open a Paypal Business account in the US. The problem is that Paypal requires its account holders to reside in the country where they operate, and in my case, that must be the US. Are there any members here in the same situation? Have you managed to open a Paypal account despite these difficulties?