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Level 2
posted Aug 30, 2023 1:55:51 PM

Single member LLC taxes as non-resident

Hello, 

I created a single member LLC while being a US Tax resident as a green card holder. I provide online services to US clients. I plan on permanently moving to Europe and will relinquish my green card. What happens from a US Tax standpoint when I am no longer considered a US tax resident? What disclosure form will I need to fill out? My LLC is a home-based consulting business with no US-dependent agents or employees.

Best, 

Coumba

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1 Replies
Expert Alumni
Aug 30, 2023 1:59:13 PM

@coumbak, you will be subject to taxation on income that you earned in the US as a resident or non-resident.  Further information, including applicable tax forms can be found here: https://www.irs.gov/individuals/international-taxpayers/us-citizens-and-resident-aliens-abroad