You'll need to sign in or create an account to connect with an expert.
Yes, in fact there is a check box in the "Enter Member Information Center" for a foreign address. You might find the following information helpful regarding foreign members of an LLC.
When there is a foreign partner in an LLC, that partner must have a US Taxpayer Identification Number (“ITIN”). This must be obtained if the LLC is engaged in a US trade or business (i.e., if it will make money). The foreign partner of the LLC will be deemed to be engaged in a US trade or business and the LLC must withhold 35% of its profits for taxes, paid and filed on a quarterly basis to the IRS. United States Tax laws require that foreigners pay taxes on any earnings made in the United States. Regardless of immigration status, the United States will allow foreigners to form a company as long as they have registered for a Taxpayer Identification Number.
Yes, in fact there is a check box in the "Enter Member Information Center" for a foreign address. You might find the following information helpful regarding foreign members of an LLC.
When there is a foreign partner in an LLC, that partner must have a US Taxpayer Identification Number (“ITIN”). This must be obtained if the LLC is engaged in a US trade or business (i.e., if it will make money). The foreign partner of the LLC will be deemed to be engaged in a US trade or business and the LLC must withhold 35% of its profits for taxes, paid and filed on a quarterly basis to the IRS. United States Tax laws require that foreigners pay taxes on any earnings made in the United States. Regardless of immigration status, the United States will allow foreigners to form a company as long as they have registered for a Taxpayer Identification Number.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
martinnr_
Level 1
sjkgollogley-gma
New Member
davis_team
Returning Member
pooch
New Member
pipytuby
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.