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.
- Is it necessary to update the EIN classification with the IRS?
- 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?
- 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!
