Recent content by Mastrok

I decided to file just to be on the safe side. If possible, do you know what kind of sheet/form i must attach regarding part V in form 5472?

From IRS, the only upside to COVID-19, well not much of an upside doh948"" https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed

So i can keep all expenses (formation, certification including copies, registered agent ) before business start date as personal expenses, I like this. In this case should i fill proforma form 5472 (name, address, EIN only) and attach it to proforma form 1120 OR not include it at all ? Thanks...

Yes. 1040-NR for income but i have absolutely none so i do not file it.

Does this include foreign disregarded entities?

I would love to avoid any of this. However, in form 5472 Part 5 - as per the text- the expenses for company formation.. etc need to be filed in a separate sheet and attached. I don't wish to leave $25k penalty to doubt and also can't afford an accountant to do this for me currently. Quote from...

Thank you for your response I paid with personal card and from what i can gather i have to file a proforma form 1120 and form 5472 especially section 5 that reports expenses of company formation. With time now tight i feel there is a lot of overlapping in these forms Instructions. Would...

I own a single member foreign owned LLC (Delaware) and given these parameters: I have done no business and thus no transactions at all since company formation last summer i am not a US citizen, i do not live in the US, foreign owned ( I am sole owner) LLC Company have no physical presence in...

Update : Transferwise opened a business account for me but still back to square one as payment gateways (Stripe) that can accept Transferwise said i would need a US LLC , US address , US bank account( transferwise? ) to get a US account and similarly the same information for a Polish account...

First, I apologize if this is not the right section/subsection for my question. Feel free to move it where it belongs while am still learning the ropes around the website. I have another thread here : Business account for US LLC - ecommerce & NRA I am finally backed into a corner before i even...

I reached out to Transferwise before and yet again the business address problem came up again . after some back and forth with them about viable options for a physical address they seem to accept shared offices. I did not complete the registration with Transferwise as most payment gateways don't...

Hi, I've been stuck for almost a month now on this very problem so any help would be very damn much appreciated . SO , basically : I live in EU incorporated a US LLC as i plan to do business in the US exclusively as of now Business through e-commerce & 3pl fulfillment service . Type ...