All answers on TaxGuided are community-contributed and for educational purposes only. This is not professional tax, legal, or accounting advice. Always consult a qualified professional for your specific situation.
How do state estimated tax payments work for a foreign-owned LLC?
I have a Wyoming LLC but I earn income from clients in New York and California. I'm a non-resident alien from Brazil. I know I need to make estimated tax payments to these states, but I'm confused about the deadlines, amounts, and how to actually make the payments from outside the U.S.
Related Questions
Do I owe California's $800 franchise tax if my foreign-owned LLC is registered in CA but earns no CA income?
I registered my single-member LLC in California because my registered agent is there. I'm a non-resident alien living in Germany and all my clients are outside the U.S. I just got a notice from the California Franchise Tax Board saying I owe $800 minimum franchise tax. Is this real? I thought since my LLC is a disregarded entity with zero U.S. income, I wouldn't owe any state taxes. The $800 seems like a flat fee regardless of income. Do I also need to file a California tax return on top of the federal Form 5472? If I dissolve the LLC in California and re-form in Wyoming or Delaware, can I avoid this tax going forward?
What are New York's filing requirements for a foreign-owned single-member LLC?
I formed an LLC in Delaware but registered it as a foreign LLC in New York because I have a client there. I'm a UK citizen living in London. My LLC provides consulting services to a NYC-based company. I know about the federal Form 5472 requirement, but what do I need to file with New York State? I've heard about something called the IT-204-LL filing fee and also that NYC has its own business tax. Is a single-member LLC treated differently than a multi-member LLC for New York purposes? The income from this one NYC client is about $50,000/year. What am I looking at in terms of New York state taxes?
Does my foreign-owned LLC need to pay the Texas franchise tax even though Texas has no income tax?
I keep hearing that Texas has no state income tax, which is why I formed my LLC there. But now my accountant is telling me about a "franchise tax" or "margin tax" that I might owe. I'm a Canadian citizen running an e-commerce business through the LLC. My LLC had about $400,000 in gross revenue last year but only about $60,000 in net profit after expenses. Do I need to file anything with Texas? Is there a minimum threshold? I thought the whole point of Texas was avoiding state taxes.
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.