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Filing for a non-resident LLC - A complete mess!!

by Erg Managerial, Window Shopper

  • Created: April 13, 2012, 11:10 am
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3 comments

Hello,

I have a mess of a situation with my SMLLC and I would appreciate the advices and help of anybody.

I filed a LLC in Wy back in January 2011. I am neither a US citizen nor a permanent resident. I obtained the EIN from the IRS in mid May 2011. I have already filed all requirements of taxes and annual report with the State of WY but on the federal level...

To start with, I have not send form 8832 to the IRS but I believe the company is registered as a disregarded entity since I am the only member of the LLC. Isn't it?

I have not filed anything for the past year of 2011, even though my yearly net profit was quite low (around $1450). Unfortunately, I had an injury and had to undertake knee surgery that removed my ability for business for more than 6 months.

Furthermore, I have not filed any quarterly tax return during last year, nor a yearly one at the end of December. I recognize that this situation may incur penalties for not declaring and paying anything for the lat year.

Any advice on how should I procceed would be much appreciated.

Thanks for reading and Best Regards to all,

Ergis

Tags: Discuss Popular Topics, Filing and Paying Taxes
‹ Can a SMLLC run payroll for Self & Spouse Filing Taxes for TX federal contractors ›

BizResearcher | Window Shopper | 4/17/2012 - 12:59 pm

With your small income, you would not need to have paid quarterly estimated
tax payments, but you do need to file a year end tax return. You will
probably owe a small amount of self-employment tax.

Erg Managerial | Window Shopper | 4/17/2012 - 5:55 am

Thanks for the info.

Best Regards,

Ergis

kmurray | Community Moderator | 4/16/2012 - 2:17 pm

Hi Ergis,  It will be best to get some specific advice tailored to your current situation from a tax professional. Check out the IRS website for information and contacts. There's also a page with details for those who need to get in touch from an international location. Best of luck to you!