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New Member
posted Jan 29, 2024 2:05:40 PM

Should I report disolved company overseas with zero trading in 2023?


Hello,
I hope you having a great day I just recieved my W-2 from Justworks
and I have small question.

I moved to the us in july 2023 as permanent resident and I am employed
since then for company. Prior to that I was living in Algeria. While I
was there I used to run small company in the UK LTD.

 During 2023 it made no revenue and no business I wasn’t doing any
work and I closed it in December few weeks ago so the company now is
dissolved.

Now I want to fill my taxes. And is this also something I need to
declare to the IRS too?
Since I moved here in July I haven’t been trading or doing anything.

 Thank you

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1 Replies
Expert Alumni
Jan 29, 2024 4:21:42 PM

Since you didn't have any sales or expenses associated with your company in Europe, you don't need to report anything regarding it on your US personal income tax return.