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Level 2
posted Nov 5, 2024 5:07:05 AM

Need Guidance on Changing EIN Classification for LLC After Becoming Non-Resident Alien

Hi everyone,

 

I started an LLC in 2023 when I was a U.S. resident for tax purposes. I applied for an EIN online through the IRS and classified the LLC as a Single-Member LLC, which is considered a disregarded entity for tax purposes. Now, in 2024, I have moved back to my home country and become a Non-Resident Alien for tax purposes.

 

I have been told that I may need to update the EIN classification to reflect the fact that my LLC is now a foreign-owned disregarded entity due to my change in residency status. This would help the IRS recognize that a non-resident alien owns the LLC and ensure that I’m compliant with the correct tax reporting for 2024 and beyond.

 

  1. Is it necessary to update the EIN classification with the IRS?
  2. If so, what steps should I follow to update the classification? I think this may need to be done by paper filing instead of online—can anyone confirm this?
  3. Any additional advice on how to handle tax filings for 2024 for my LLC as a non-resident alien owner?

I appreciate any guidance or experience that you can share!

 

Thanks in advance!

0 2 23330
2 Replies
Level 2
Nov 6, 2024 8:49:18 AM

Appreciate any insights or guidance. Thank you!

Level 2
Dec 26, 2024 7:40:13 AM

Bringing it to the top. Any kind of insight or guidance from the community would be greatly appreciated. Thank you!