The Journal

Taxes

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My US LLC Has More Than One Owner. What Do We File by September 15?

Taxes4 min read

My US LLC Has More Than One Owner. What Do We File by September 15?

A US LLC with two or more owners files Form 1065 by Sept 15 if extended, plus a Schedule K-1 per owner. Late filing runs about $245 per owner, per month.

The Full Tax and Compliance Calendar for a US LLC Owned From Abroad

Taxes4 min read

The Full Tax and Compliance Calendar for a US LLC Owned From Abroad

Three anchor dates: March 15 for a multi-member LLC's Form 1065, April 15 for a single-member LLC's Form 5472, extended to September 15 and October 15 with Form 7004.

How Do I Calculate the Taxes on My US LLC as a Non-Resident?

Taxes4 min read

How Do I Calculate the Taxes on My US LLC as a Non-Resident?

Calculating your US LLC tax as a non-resident starts with one question: is the income effectively connected to a US trade or business, or is it foreign-source?

What Is a Franchise Tax, by State?

Taxes3 min read

What Is a Franchise Tax, by State?

A franchise tax is a flat annual fee a state charges to keep your LLC active, not a tax on income. Delaware is $300, California $800, and many states charge nothing.

How a Non-Resident Gets a US EIN (No SSN)

Taxes3 min read

How a Non-Resident Gets a US EIN (No SSN)

A non-resident gets a US EIN by filing IRS Form SS-4 by fax or mail, writing 'Foreign' where an SSN or ITIN is asked. It is free and issued to the company.

US Tax Treaties: Does Yours Change Things

Taxes5 min read

US Tax Treaties: Does Yours Change Things

A US income tax treaty can lower or remove US withholding on income tied to your US business. Whether you benefit depends on your country and income type.

No US Tax Due? You Still Have to File

Taxes5 min read

No US Tax Due? You Still Have to File

Yes. With zero US tax due, a foreign-owned US LLC must still file Form 5472, a pro forma 1120, and its state report. Filing nothing risks a $25,000 penalty.

What Is Form 5472 and the $25,000 Risk?

Taxes5 min read

What Is Form 5472 and the $25,000 Risk?

Form 5472 reports transactions between your US LLC and you, its foreign owner. Miss it and the IRS penalty starts at $25,000, even if the LLC owed no tax.

What a Foreign-Owned US Company Owes the IRS

Taxes6 min read

What a Foreign-Owned US Company Owes the IRS

A foreign-owned US LLC often owes little or no US income tax, yet still must file Form 5472, a pro forma 1120, and annual state reports. Filing and paying are separate duties.

Understand Tax Implications Before Dissolving Your LLC

Taxes13 min read

Understand Tax Implications Before Dissolving Your LLC

Unravel the complexities of LLC dissolution and its tax implications. Gain insights to make informed decisions and ensure compliance in this professional guide.

Are Income Tax Records Public? Essential Insights to Know

Taxes6 min read

Are Income Tax Records Public? Essential Insights to Know

Uncover essential insights on whether income tax records are public. Learn who can access them and what it means for your privacy. Stay informed today!

Navigate U.S. Tax Compliance for Foreign Investors with Ease

Taxes8 min read

Navigate U.S. Tax Compliance for Foreign Investors with Ease

Navigate U.S. tax compliance with confidence as a foreign investor. Gain insights and strategies to simplify the process and make informed decisions today.

Key Tax Obligations Foreign Investors Must Know

Taxes8 min read

Key Tax Obligations Foreign Investors Must Know

Unlock crucial insights on key tax obligations every foreign investor must know. Stay compliant and maximize your investments with our expert guidance.

Key Insights on U.S. Tax Rules for Global Enterprises

Taxes8 min read

Key Insights on U.S. Tax Rules for Global Enterprises

Stay informed on U.S. tax rules for global enterprises. Understand international business tax obligations to optimize your compliance and financial strategies.

are income tax refunds taxable

Taxes7 min read

are income tax refunds taxable

Are income tax refunds taxable? Our expert guide explains when and why refunds may be taxed, including the tax benefit rule and how it impacts your filing. Get the clarity you need.

Are Sales Tax Penalties Deductible? Find Out Now

Taxes7 min read

Are Sales Tax Penalties Deductible? Find Out Now

Find out whether sales tax penalties are deductible. Understand the implications of tax rules and how they impact your finances for better tax planning.

Are Sales Tax Deductible

Taxes8 min read

Are Sales Tax Deductible

Learn when sales tax is deductible for businesses and how to optimize your tax strategy. Our expert guide breaks down key rules for U.S. sales tax deductions, helping you maximize savings.

Essential Steps for U.S. Tax Registration for Startups

Taxes8 min read

Essential Steps for U.S. Tax Registration for Startups

Eager to launch your startup? Understand the essential steps for U.S. tax registration, ensuring compliance and paving the way for your business success!

Simplify U.S. Tax Filing: Foreign Companies' Guide

Taxes8 min read

Simplify U.S. Tax Filing: Foreign Companies' Guide

File U.S. taxes confidently as a foreign company with our comprehensive guide. Learn essential steps and tips to simplify your tax filing process effectively.

are sales tax regressive

Taxes9 min read

are sales tax regressive

Sales taxes are often considered regressive, burdening low-income households more than wealthier ones. Explore the economic impact, equity concerns, and possible solutions for a fairer tax system.

Essential Steps for U.S. Tax Registration for Startups

Taxes8 min read

Essential Steps for U.S. Tax Registration for Startups

Eager to launch your startup? Understand the essential steps for U.S. tax registration, ensuring compliance and paving the way for your business success!

Are income tax refunds delayed

Taxes8 min read

Are income tax refunds delayed

Struggling with delayed income tax refunds in 2026? Learn about common causes, IRS processing times, and steps to take if your refund is held up. Get expert advice now.

Navigate U.S. Income Tax Compliance Services with Ease

Taxes8 min read

Navigate U.S. Income Tax Compliance Services with Ease

Simplify your U.S. income tax compliance with expert services tailored to your needs. Achieve peace of mind and stay compliant effortlessly.

Understanding the Corporate Tax Rate Changes for 2026

Taxes9 min read

Understanding the Corporate Tax Rate Changes for 2026

Understand the corporate tax rate changes set for 2026 and how they impact your business. Stay informed and prepare for what's ahead in tax planning!