Hello to all
I am a french citizen based in Paris, France.
My project is to form an LLC in the state of Delaware.
i will be operating my business from France with internet ( digital media service )
i am the only owner of this LLC.
questions:
do i have to pay social security taxes?
do i have to pay income tax ?
As a foreign person with a Us source income, which forms must i comply ?
thank you for your comments.
Sharav57
more details:
i am a french citizen based in Paris, France
i plan to form an llc in the state of Delaware for its many advantages.
i will be A single member LLC, where that sole member is a foreign person for U.S. tax purposes.
my business is conducted purely over the internet with no physical presence in the U.S.
Accordingly, any income earned is treated as earned directly by the foreign person.
Such income is not subject to U.S. taxation so long as the foreign person did not perform
his services or sales activity in the U.S.
questions:
1-which forms must i comply as a foreign person ( with no physical presence in the U.S.)
earning a us source income? if there is any?
Would the income earned be taxable in the U.S or require a return to be filed in the U.S.?
2- do i have to pay any social security tax?
Normally a non-resident exempt individual's income is not subject to Social Security and Medicare taxes.
thank you for your comment and recommendations.
kind regards
Neg
Related posts:
3 responses so far ↓
1 Cowboyssuperbowchampsin2008 // Oct 25, 2008
If you’re a US citizen, you have to pay US taxes. If you’re not, I don’t think you have anything to worry about.
2 Gem // Oct 25, 2008
Social security tax is paid on employees, so if your LLC will have employees here, then yes, you will have to withhold federal, state, local taxes and pay the employer contribution to social security.
Yes, any money made on sales that originate within the US are taxable under Federal (state & local too) income taxes.
As to the third, who knows. Those laws are so complex even the CPAs & IRS don’t truly understand them.
3 v b // Oct 25, 2008
Don’t do it.
The LLC will create the appearance of US effectively connected income and the requirement to file tax returns. This could get very costly.
Leave a Comment