Turner Little - Company Formation Agents
New Era Offshore US Companies
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Recent content by joeak

  1. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    Because sometimes the local banks would ask for proof of income. Since I'm not registered in Egypt, I'd then have to share the US LLC details. As I currently understand it, the local banks ask for proof of income for anti-money laundering purposes and not for tax purposes. Egyptian banks are...
  2. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    I think that clears it up a little better. Thanks!
  3. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    Interesting. Well my banking rep said that even if I'm not a US person, once I show up with US LLC papers as income proof at my local bank, that automatically triggers form W9 and other FATCA related ones I guess. Would filling those forms lead to any tax exposure in the US if I'm not a US...
  4. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    In Egypt, if you go to any bank to create an account they always ask if you have US residency/citizenship and they make you fill in extra forms if you do, so I guess they at least SEND data back to the US, but does that mean they also receive it? Is it a two-way street by default?
  5. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    @JustAnotherNomad In Egypt, if you go to any bank to create an account they always ask if you have US residency/citizenship and they make you fill in extra forms if you do, so I guess they at least SEND data back to the US, but does that mean they also receive it?
  6. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    Egypt, residence and home.
  7. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    Thanks for the clarification. If it's only the IRS' eyes, I don't think it's a big deal. The problem is, if they serve you up by sending the data directly to local tax authorities, that won't be very good. There's nothing in the local tax law that clearly and 100% without a shadow of doubt says...
  8. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    I don’t think I’ll be taxed in the US as I have no nexus there (as far as I understand). I have no employees, no warehouses, nothing except clients. The service is conducted from my home country.
  9. joeak

    US LLC Reporting Your Income to Home Country via Form 5472?

    Hey everyone, First post here. I almost pulled the trigger on registering a Wyoming LLC. I'm a non-US citizen operating an online digital marketing business, mainly serving US-based clients but residing in the middle east. Wyoming seemed perfect to open a bank account, use stripe, and have some...
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