[FabioA]

Note. I posted this message in the forum Accounting too.

Hi,

I am a Brazilian filling a Nevada LLC. I don't have the SSN and I do not live in the US, but some companies offer services to get the EIN without the SSN. I will open a corporate bank account once the EIN is obtained. My question concerns taxes and pass-through.

As far as I know, the Nevada LLC does not pay any kind of tax. As a sole owner LLC, I will have to fill the Schedule C form, according to a NOLO book I am reading. Please confirm.

If I NEVER pass any profits from the LLC to my personal bank account in the US or in Brazil, I would like to know if I will or will not pay some kind of taxes.

The LLC will be a publishing house.

If anyone can help here providing paid services in the future regarding tax filling forms and other services, please give me your email address. I am planning to do the bookeeping, but currently I know almost nothing about the US forms.

Thank you!

Fabio

[IntlTax]

The question of whether business profits generated by your LLC are subject to U.S. tax depends on whether the LLC is engaged in a U.S. trade or business and on whether the income is from U.S. sources. These are complex rules and depend significantly on the facts and circumstances. There can be significant penalties if you take the position that the LLC is not subject to U.S. tax and you are wrong. Given the reliance on facts and circumstances and the potential for significant penalties, it is difficult to provide this type pf advice an Internet bulletin board.

[FabioA]

Hi IntlTax,

This LLC will be a book publisher that will publish books in the US and receive money from the US only. So it has total nexus with the US.

What I read is that LLCs in Nevada do not pay taxes in the US. But when I transfer money to the person, there is taxes at the person level.

Please see if you can provide additional information with this info.

Thanks
Fabio A.

[IntlTax]

The issues are too complex.

[FabioA]

Thank you anyway!