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Global Business Growth Club

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Tax Filing Extension for Non-US Resident
Hi, I need to get an ITIN to be able to file taxes for my Single Member LLC and I just learned it takes a good chunk of time to get it. Is there a Form 4868 alternative for Non-US Residents?
1 like • 3d
Hi @Javier Lomelin You don’t need an ITIN to file your company’s taxes, just submit Forms 5472 and 1120. If you’re filing a personal return, you can request a Form 4868 extension without an ITIN. Then file your 1040-NR by mail with Form W-7 and your certified ID; the ITIN process may take several months 🫤
1040-NR Form Home Address
In Form 1040-NR, could the home address be rented US Residential Address, instead of Foreign Residential Address listed in W7?
1 like • 5d
Hi @Sable Rivers Yes, you can use a valid U.S. rented address as your mailing address, even if your W-7 listed a foreign address.
Best State for Nomads to Form a 501(c)(3) Nonprofit
Hi guys 👋 Looking for advice on the best state to form and run a 501(c)(3) for a nonprofit project by digital nomads. AI suggestions have been pretty generic and don’t really fit our case, so we’d love input from people with real experience. Also, just to clarify upfront: under the law, a 501(c)(3) cannot be an LLC — it must be a nonprofit corporation, with the corresponding compliance requirements. Our situation: 1. 5 directors (all natural persons); operations fully outside the U.S. 2. No active solicitation in the U.S. → ideally no need for AG registration 3. No need for director privacy (names can be public on the Secretary of State) 4. Expected annual revenue well under $50k (below IRS thresholds) 5. Minimal formation costs, and ideally $0 annual state-level maintenance fees Given this setup, which state would you recommend and why? Also—are there any videos or content from James Baker where he discusses the best states for forming a 501(c)(3)? Thanks a lot 🙏
0 likes • 12d
Hi @Vitaly Kliger I’d go with Wyoming, no annual fees, low formation cost, simple compliance and fast setup. You would need to renew your company in the state, which usually costs between $70–$100, and that would keep you fully compliant. To be honest, it’s a very good option.🙂🙌
Thanks + Request for assistance to open a bank
Hey James, your videos helped me set up Top Way Solutions LLC 🙏 (www.topwaysolutions.com) - having LLC in US still remain challenging: Quick question: I am using payoneer for recieving pay't - trust me I tried relay, had wise got closed and I am using payoneer now. if Payoneer fails, what banking alternatives do you recommend to accept payments as a truck dispatching company?
1 like • 20d
Hi @Abey Dagnew you can try Stripe, PayPal, or Airwallex for international clients 🙌🙂
EIN for SMLLC (Foreign disregarded entity)
Its been over 3 weeks since i submitted my SS-4 for my Wyoming SMLLC. i see sellers on fiverr claim that they can do it in 2-4 days. Any idea how they are doing it this fast?
1 like • 20d
The IRS is taking longer than usual after the year-end holidays. I recommend calling them directly to check the status.
1-10 of 357
Paola Moreno
5
202points to level up
@paola-moreno-1702
Communication first

Active 3d ago
Joined Feb 2, 2024
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