Feb 24 ⢠âď¸Advertise your community!âď¸
đ Pinned Post: International Members with a U.S. LLC
If youâre not a U.S. citizen or resident and you own a U.S. LLC (often formed in Wyoming), hereâs what to know.
Good news first
- Wyoming doesnât 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.
Youâll 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 StatesâAustralia 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 doesnât mean no filing
- This is about compliance, not tax avoidance
If youâre 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.
Taxes done for you, not to you...
4
2 comments
đ Pinned Post: International Members with a U.S. LLC
skool.com/theskoolhub
ADVERTISE your community here to thousand of people! We have helped community owners gain 100+ members over night.. what are you waiting for?
Leaderboard (30-day)
1
+671
2
đĽ
+646
3
đĽ
+490
4
đĽ
+428
5
+417
Powered by