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.
I appreciate any guidance or experience that you can share!
Thanks in advance!
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Appreciate any insights or guidance. Thank you!
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