AsherTouriel Is a single year from a llc memoir required to submit 2 reports instead of 1? ( That is…
AsherTouriel
Is the year of 2018 .. Single-speaker llc
Need to submit 2 reports instead of 1?
(Ie personal + llc)
Does this affect the expected cost to investors when they come to pay an accountant who submits the reports in the US?
One of the group members heard something about it.
I bring it up to you to choose the other members
Link to the original post in the United States Real Estate Forum on Facebook - Works on a desktop computer (To view the post must be members approved for the forum):
https://www.facebook.com/1885945295012997/posts/2186168314990692
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
If you need to submit two reports now
Is it still worthwhile to hold llc
For the owner of one apartment?
Value of several tens of thousands of dollars
Incidentally, is the 1 share of 99 to XNUMX% still considered to be held by more than one person?
As already mentioned - in the past a single owner of an LLC did not have to file an LLC report. There is currently an obligation to file an LLC report (even if it is a sole proprietor) in addition to a personal report.
Submit a personal report, but a company that has foreign owners has an additional reporting obligation from 2017 onwards.
I did not understand..a single owner of LLC will pay 250 $ PERSONAL REPORT + 90 $ NORTH REPORT OF THE LLC?
You write a report on transactions between the LLC and the owner ... if I do not touch the money then there is no need for a report?
Hey Ido
Starting with 2017 reports actually
A new reporting obligation arises, which is relevant to
Full owner of LLC
Owner who is foreign (and not American)
Then in addition to the regular tax report is an 1040nr form
Transfers between the owner and LLC must be reported under his control.
This is the llc report
It will be relevant for example in the establishment and in subsequent years only if there will be transactions between the owners and the LLC.
If you need to submit this additional report, the cost is between 90 and USD North.
Thanks!!
Hey Ido
To the best of my knowledge, Single Membras must submit one personal report. There is a possibility to raise the tax screen in the US so there is no need to file a report on the company.
I am not an accountant but since 2009 I have been providing reports to myself and investors, accompanied by local accountants in the US