Recent content by coq

My understanding was that the 1040NR was only if the non resident has has US sourced income, and that the 5472 + 1120 only if you have reportable transactions.

Is that the case for an LLC that was just opened and had zero activity yet?

That seems to be one of the main reasons. But if I do get US involvement, then I must pay US taxes.

I got an EIN without any hassle. And even with an EIN the neobanks in the US are giving me quite a hard time. Some of them are even asking SSN and ITIN, even though that is not applicable at all for foreign-owned LLCs as non-residents don't have to pay taxes in the US. The only one that opened...

How did you manage to open an account with Mercury? Are you an "US Person"? I opened a foreign-owned US LLC, and Mercury didn't like that my business wasn't performed in the US nor for US markets.

That's the challenge isn't it? How can a neophyte discern who is an unscrupulous poser and who is the real deal?

Is there any disadvantage of using an US LLC? An LLC from New Mexico would also provide privacy besides taxes being passthrough. If someone is living in a territorial taxing country with zero taxes for foreign income, wouldn't a NM LLC be offering both privacy and 0 taxes?

I was wondering how would be the tax implications of a foreign-owned US single member LLC owning a Egyptian LLC? If the parent LLC is dormant and never had activities, while the Egyptian LLC does have activities, does it trigger the requirement for filing the form 5472+proforma 1120?

May I contact you in private?

You seem to know way more than what the official representative tells me. Are you involved in Bankera? The customer support specifically told me I can receive and send transactions with SWIFT, and that Bankera was using Pacific Private Bank for that. And also specifically told me to not make...

The guy in Support told me that Bankera uses the Pacific Private Bank (the one they acquired) for their Swift transations. Also mentioned that Swift can't be used to send/receive money from crypto exchanges. For crypto, only SEPA must be used.

Well, I am already an investor with this company, but the company was offering me to purchase more from another investor. I feel that it is a bit weird that the company would be asking for a "finder's fee" for simply connecting a shareholder to another shareholder. And the cherry on the top is...

Hello there, I was wondering what is typical when you purchase shares from another early investor who wants to liquidate his position. The CEO notified me saying that the pre-series A has been closed but that I could get at a slightly lower valuation by purchasing it from another early angel...

Banco Popular sucks, it is very lackluster on the remote set up department, and their ebanking is awful. Get ready to order wire via phone calls, what is this 1970s?

I am sorry but when did you create the LLC? Was it recently? Did you get an EIN? My understanding was that the IRS was closed for the COVID19