The US Tax heaven for non-residents aliens
CBS Fake News! https://cbsn.ws/3G7On3S CBS is publishing fake news based on fake reports! Contrary to what CBS says, the U.S. has always been the best country for legally hiding money for non-residents. However, for American citizens or residents, there is no tax haven in the World for their LLCs in the US. If you are a non-resident, in order to activate your global business, set up your business in the US by forming your limited liability company in the US to save from corporate tax, dividend tax and income tax by paying no tax! Zero tax LLC! Zero tax Ltd Company! Tax-Free LLC in the US for non-residents is an optimal tax-saving solution. This is because the Internal Revenue Services in the US (the “IRS”) does not treat an LLC as a separate tax entity. All its income is passed through to the members of the LLC so the members of an LLC must report this information on their personal tax returns and declare their own incomes to their tax offices to pay their personal income taxes. The IRS treats multi-member LLCs as partnerships for tax purposes. Like single-member LLCs, multi-member LLCs do not pay taxes on business income; however, instead, each of the LLC owners pays personal taxes on their share of the profits on their personal income tax returns. LLCs are considered pass-through entities which means an LLC pays its taxes through an individual income tax code rather than through a corporate tax code. In addition to LLCs, sole proprietorships, “S Corporations”, and all partnerships are all “Pass-Through” businesses in the eyes of the IRS. C Corporations are not “Pass-Through”. For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner. This is because, in the 1970s, American Litigation Lawyers convinced the judges that double taxation in single-member limited companies was illegal. To benefit from the advantages of US Tax-Free LLCs for non-residents, I can set up US limited liability company for you in a few days, obtain your corporate tax ID in three weeks and deliver you a key-turn tax-free company in the US with a business bank account in a month. However, keep in mind that having a US limited liability company does not make you immune to declaring your personal income and paying personal income tax to your tax office, where your tax residency is at. Having a US limited liability company may only help you to hide your assets and incomes in the World from your tax office where your tax residency is at. Owning an LLC in the US does not relieve you of the responsibility to declare your personal income and pay taxes at your tax residency address. Single Member Limited Liability Companies for IRS: A Limited Liability Company (LLC) is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owner’s tax return (a “disregarded entity”). A domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and elects to be treated as a corporation. For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner unless it files Form 8832 and affirmatively elects to be treated as a corporation. However, for purposes of employment tax and certain excise taxes, an LLC with only one member is still considered a separate entity. If a single-member LLC does not elect to be treated as a corporation, the LLC is a “disregarded entity,” and the LLC’s activities should be reflected on its owner’s federal tax return. If the owner is an individual, the activities of the LLC will generally be reflected on: Form 1040 or 1040-SR Schedule C, Profit or Loss from Business (Sole Proprietorship); Form 1040 or 1040-SR Schedule E, Supplemental Income or Loss; Form 1040 or 1040-SR Schedule F, Profit or Loss from Farming. An individual owner of a single-member LLC that operates a trade or business is subject to the tax on net earnings from self-employment in the same manner as a sole proprietorship. If the single-member LLC is owned by a corporation or partnership, the LLC should be reflected on its owner’s federal tax return as a division of the corporation or partnership.