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Recent content by joystickstar

  1. J

    Help me complete Form 5472, Foreign Owned Sole Member, Delaware LLC

    So, for example: +$2000 affiliate program commission -> business income -$80 hosting -> business expense -$20 postal address for the LLC -> business expense Total net income: $1900 $400 cash withdrawal for personal expenses -> capital distribution $100 purchase of personal clothing ->...
  2. J

    Help me complete Form 5472, Foreign Owned Sole Member, Delaware LLC

    Hello, I have an LLC in Delaware (I am the sole owner and foreigner). I do affiliate marketing. The LLC is not US engaged. The only US payer I have is Amazon INC (Amazon affiliates USA). I've been watching this video about filling out the 5472 form and I'm not clear on how to fill out fields...
  3. J

    Will Stripe start to report all transactions to the EU Government from 1 Jan 2024?

    If you exceed 25 quarterly Stripe transactions, theoretically, an American Stripe account under an LLC will have to provide data to CESOP. Stripe may disclose the LLC's name, address, real owner, etc. I spoke with my tax advisor, and he advised me to temporarily block European customers from my...