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Wyoming - why is it not so known?

If your Wyoming registered company is selling product or services in the US, it is subject to Federal taxes on its profits on products and or services sold in the US.

You personally, may not be liable for US federal taxes, but your Wyoming company will be.
If you have an LLC as disregarded entity (only you as unique owner and sharedholder) and also the company doesn't sell anything inside USA, you won't have to pay taxes
 
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I also have a Wyoming LLC, I registered my company EIN with the IRS and then opened my US bank account with no issues. They just want a US address (can be a postal forwarding service) and ID (passport) plus copies of the LLC paperwork. Took me about 30 minutes to set up with Wells Fargo bank. Great online banking. Worked fine for me. That was two years ago and all is running sweet. Even just received US covid-19 subsidy payout to my Wyoming company as all my company tax returns had been filed.

It was possible in a past. Wells fargo does not accept mail forwarding centers as address. But there is a way how to have one customized for few hundred bucks..

If you have an LLC as disregarded entity (only you as unique owner and sharedholder) and also the company doesn't sell anything inside USA, you won't have to pay taxes
He does not have to pay any taxes in the USA. But has to file returns..
And pay personal income tax from all profit in his country of residence,..
 
Not yet. I believe, that one day will be applied some mechanism, how exchange data officialy.

IRS unofficialy sent data from returns to country of residence of LLC members as so called "operational received tax relevant informations". So there are no informations shared from banks, but there are informations shared from IRS. From 2020, every one LLC has to file a rerutn form, where profit divided to each member is declared..
 
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Not yet. I believe, that one day will be applied some mechanism, how exchange data officialy.

IRS unofficialy sent data from returns to country of residence of LLC members as so called "operational received tax relevant informations". So there are no informations shared from banks, but there are informations shared from IRS. From 2020, every one LLC has to file a rerutn form, where profit divided to each member is declared..
Interesting to know that
 
If member of US LLC is a resident of Panama, then it will be 0 % if company is administered not from Panama. So paper residence is the best.. Better situation is if US LLC mambers are Panamian company and panamian foundation, this panamian foundation is onlye shareholder of that panamian company and board of panamian foundation are 2 foreign companies + 1 panamian paper resident..
 
Thank you for your help!

Do you know if:

- I am a fiscal resident of Panama
- I earn commissions from American affiliate marketing networks as an individual

Would that be considered foreign earned income and therefore subject to no tax?
In case that would be taxed, what would you suggest as the best solution for earning online commissions wihout paying tax or paying as little as possible?
Are there specific residences + business setup that you'd suggest? Or perhaps just a residence + receiving the commissions as an individual?

Thank you in advance!
 
Thank you for your help!

Do you know if:

- I am a fiscal resident of Panama
- I earn commissions from American affiliate marketing networks as an individual

Would that be considered foreign earned income and therefore subject to no tax?
In case that would be taxed, what would you suggest as the best solution for earning online commissions wihout paying tax or paying as little as possible?
Are there specific residences + business setup that you'd suggest? Or perhaps just a residence + receiving the commissions as an individual?

Thank you in advance!
It looks, this a a foreign income. Just be carefull to do not become a US tax resident. You can not have a client in US, whose main supplier will be you. And you can not have a supplier whose main client will be you.
 
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I would never send any documents nor personal details to such company. Few days existing, just virtual office, virtual numbers, ...
This smells like identity theftbusiness
Sorry - I copied that email from someone else's comment about dodgy iPay to send to a friend via email and somehow I must have accidentally pasted it here as well.

And for some reason I cannot delete it or edit it.

I am not sure what happened.

I don't even know how I seem to have posted it here.

Apologies for it ending up in this thread.
 
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