taxation of non-US residents - GoFuckYourself.com

noID · 06-03-2003, 01:58 AM

Oh well, I admit it's not my "real" nick, I'm lurking around for a while but in this case I'd like to stay anonymous

Here is the story. Lets say somebody from Europe [me] owns an Mambo-Jambo LLC in Delaware, US. I got all this stuff like EIN, business bank account, etc. I also know there is no need to provide State of DE with the name of partners and managers [me & me].

Right now I'm receiving wires and checks and as non-resident I don't need to fill any forms for IRS or anything like that [btw. do the sponsors fill tax declarations for non-residents?]. I suppose with my Mambo-Jambo company it won't be so simple. I suppose I still won't be paying taxes in US but I'll have to do some "paperwork" for IRS. Am I right?

I suppose at least few of you had similiar problems [i.e. those of you who had to incorporate in US due to new Visa regulations].

Anyway, if you can share a bit of your experience or point to some web resources covering this issue or recommend some accountant I'd be very grateful [with all my identities]

Thx

manilaheat · 06-03-2003, 02:03 AM

From my limited knowledge, you can pay an oversea's worker (that would be you) up to $80,000.00 in salary without having to withhold taxes or pay taxes on that worker.

If you are overseas, I would just file an LLC every other year and just not file anything.

Just turn and burn corps ...

The IRS is slow in catching up to things like this ...

It is not like you have anything in the US that they can take anyway

marttali · 06-03-2003, 02:04 AM

Lets hope someone who knows about that stuff answers. I'm interested in it also.

noID · 06-03-2003, 07:08 AM

manilaheat: this might be solution, but you know if some day I go for a trip to US I wouldn't like to take any heat from my past businesses

Because as usual thread without at least one tit don't have a chance to get your attention here it is:

x
X
XX
XXX
XXXX
XXXXX
XXXXXX
XXXXXXX
XXXXXXX/ \
XXXXXXX\ /
XXXXX
XXX

Now speak up :D

magicmike · 06-03-2003, 09:08 AM

You can set up a corp somewhere else and have it provide a service to your US corp for 98% of the profits.

Then pay your tax in the US on your 2%

or vise versa.

Depends on which taxes are cheaper basically.

sexyclicks · 06-03-2003, 09:16 AM

Lee ?

SGS · 06-03-2003, 09:38 AM

Quote:

Originally posted by noID
Oh well, I admit it's not my "real" nick, I'm lurking around for a while but in this case I'd like to stay anonymous

Here is the story. Lets say somebody from Europe [me] owns an Mambo-Jambo LLC in Delaware, US. I got all this stuff like EIN, business bank account, etc. I also know there is no need to provide State of DE with the name of partners and managers [me & me].

Right now I'm receiving wires and checks and as non-resident I don't need to fill any forms for IRS or anything like that [btw. do the sponsors fill tax declarations for non-residents?]. I suppose with my Mambo-Jambo company it won't be so simple. I suppose I still won't be paying taxes in US but I'll have to do some "paperwork" for IRS. Am I right?

I suppose at least few of you had similiar problems [i.e. those of you who had to incorporate in US due to new Visa regulations].

Anyway, if you can share a bit of your experience or point to some web resources covering this issue or recommend some accountant I'd be very grateful [with all my identities]

Thx

Five minutes with your accountant would be far better spent than 500 posts here.

Groove · 06-03-2003, 09:45 AM

Quote:

Originally posted by SGS
Five minutes with your accountant would be far better spent than 500 posts here.

The average European accountant won't know jack shit about US tax law. You're best bet would be to consult a US lawyer who specialises in setting-up companies for offshore clients.

noID · 06-04-2003, 12:47 AM

SGS: do you know any accountant which could give me advice in 5 min.? Except those who charge $20.000 per hour?

SGS · 06-04-2003, 01:12 AM

Quote:

Originally posted by noID
SGS: do you know any accountant which could give me advice in 5 min.? Except those who charge $20.000 per hour?

If you cant afford an accountant then tax isnt going to be an issue for you anyway.

manilaheat · 06-04-2003, 02:09 AM

Quote:

Originally posted by noID
manilaheat: this might be solution, but you know if some day I go for a trip to US I wouldn't like to take any heat from my past businesses

Because as usual thread without at least one tit don't have a chance to get your attention here it is:

x
X
XX
XXX
XXXX
XXXXX
XXXXXX
XXXXXXX
XXXXXXX/ \
XXXXXXX\ /
XXXXX
XXX

Now speak up :D

NICE RACK!

06-03-2003, 01:58 AM	#1
noID Registered User Join Date: Jun 2003 Posts: 3	taxation of non-US residents Oh well, I admit it's not my "real" nick, I'm lurking around for a while but in this case I'd like to stay anonymous Here is the story. Lets say somebody from Europe [me] owns an Mambo-Jambo LLC in Delaware, US. I got all this stuff like EIN, business bank account, etc. I also know there is no need to provide State of DE with the name of partners and managers [me & me]. Right now I'm receiving wires and checks and as non-resident I don't need to fill any forms for IRS or anything like that [btw. do the sponsors fill tax declarations for non-residents?]. I suppose with my Mambo-Jambo company it won't be so simple. I suppose I still won't be paying taxes in US but I'll have to do some "paperwork" for IRS. Am I right? I suppose at least few of you had similiar problems [i.e. those of you who had to incorporate in US due to new Visa regulations]. Anyway, if you can share a bit of your experience or point to some web resources covering this issue or recommend some accountant I'd be very grateful [with all my identities] Thx Last edited by noID; 06-03-2003 at 02:10 AM..

06-03-2003, 02:03 AM	#2
manilaheat Confirmed User Join Date: Oct 2002 Location: Houston, TX Posts: 584	From my limited knowledge, you can pay an oversea's worker (that would be you) up to $80,000.00 in salary without having to withhold taxes or pay taxes on that worker. If you are overseas, I would just file an LLC every other year and just not file anything. Just turn and burn corps ... The IRS is slow in catching up to things like this ... It is not like you have anything in the US that they can take anyway __________________ ALPHARED.COM - 61000 Mbps of Capacity 24/7 Live Support Guaranteed No Buffer / No Congestion Guarantee! [email protected] - ICQ 381-726-093

06-03-2003, 09:08 AM	#5
magicmike Confirmed User Industry Role: Join Date: Feb 2003 Location: JustPorno Posts: 2,384	You can set up a corp somewhere else and have it provide a service to your US corp for 98% of the profits. Then pay your tax in the US on your 2% or vise versa. Depends on which taxes are cheaper basically. __________________ Just Porno with both classic and mobile porn versions. Gay Porn Our mega gay site tranny porn

06-03-2003, 02:04 AM	#3
marttali Confirmed User Join Date: May 2003 Posts: 265	Lets hope someone who knows about that stuff answers. I'm interested in it also.

06-03-2003, 07:08 AM	#4
noID Registered User Join Date: Jun 2003 Posts: 3	manilaheat: this might be solution, but you know if some day I go for a trip to US I wouldn't like to take any heat from my past businesses Because as usual thread without at least one tit don't have a chance to get your attention here it is: x X XX XXX XXXX XXXXX XXXXXX XXXXXXX XXXXXXX/ \ XXXXXXX\ / XXXXX XXX Now speak up :D

06-03-2003, 09:16 AM	#6
sexyclicks Confirmed User Industry Role: Join Date: Mar 2002 Location: c9media.com Posts: 3,240	Lee ?

06-04-2003, 12:47 AM	#9
noID Registered User Join Date: Jun 2003 Posts: 3	SGS: do you know any accountant which could give me advice in 5 min.? Except those who charge $20.000 per hour?