Expert Tax Solutions for Foreign Entrepreneurs in the U.S.
Expanding into the U.S. market offers great opportunities, but navigating its complex tax regulations especially for foreign business owners can be challenging.
Many entrepreneurs choose an LLC for its ease of setup, affordability, and liability protection. However, tax compliance for non-U.S. owners can be intricate and time consuming.
At NexusWorks, we eliminate the stress by managing your filings as a foreign-owned disregarded entity or partnership, whether you’re a sole owner or have partners. Our experts handle IRS reporting with precision, ensuring full compliance while keeping costs manageable.
Let us take care of the paperwork, so you can focus on what truly matters growing your business!
Tax
Return
Beyond what’s included in your LLC tax return package, certain businesses might require the submission of extra forms, depending on their unique circumstances.
FinCen Beneficial Ownership Report
This is a new government requirement that starts in 2024. It requires the owners or individuals with substantial control over a company be reported to the Financial Crime Enforcement Center. Existing companies have until the end of 2024, but companies registered in 2024 have 30 days to file.
Existing companies have until the end of 2024, but companies registered in 2024 have 30 days to file.
Tax Filing Extension
This is a 6-month extension from the original tax due date of March 15th for multi-member LLCs and April 15th for single-member LLCs.
File Form 7004 before your original due date to request extension
No Need To Be the Middleman
Say goodbye to the endless hours spent shuttling information between your accountant and bookkeeper.
Foreign Owned LLC Tax Reporting Packages
Company Expenses
$0 to $5k Revenue
$999
New or lightly used partnerships with foreign members.
- One 1065
- Form 5472
- Form 8825
- Form K-1
- Form K-2
- Form K-3
- Form 8804
- Form 8805
- State Tax Return
Company Expenses
$5 to $250 Revenue
$1,499
Partnerships with foreign members that have received funding or are starting to sell their products & services.
- One 1065
- Form 5472
- Form 8825
- Form K-1
- Form K-2
- Form K-3
- Form 8804
- Form 8805
- State Tax Return
Company Expenses
$250 to $1m Revenue
$1,999
Partnerships with foreign members, and an active business.
- One 1065
- Form 5472
- Form 8825
- Form K-1
- Form K-2
- Form K-3
- Form 8804
- Form 8805
- State Tax Return
Company Expenses
$1m+ Revenue
Custom
Partnerships with foreign members that have passed the million dollar mark!
- One 1065
- Form 5472
- Form 8825
- Form K-1
- Form K-2
- Form K-3
- Form 8804
- Form 8805
- State Tax Return
Frequently Asked Question
These FAQs provide a balanced overview of company
services and approaches.
Do foreign-owned LLCs have to pay U.S. taxes?
Foreign-owned LLCs may have U.S. tax obligations depending on their income, structure, and activities within the U.S. They are required to file IRS forms even if they don’t owe taxes.
What IRS forms does a foreign-owned LLC need to file?
Most foreign-owned LLCs must file Form 5472 and Form 1120 if they are single-member entities. Multi-member LLCs typically file Form 1065 and issue Schedule K-1s to owners.
Do foreign LLC owners need an ITIN or EIN?
Yes, LLCs need an EIN (Employer Identification Number) for tax filings. If the owner is required to file a tax return, they may also need an ITIN (Individual Taxpayer Identification Number).
Can a foreign-owned LLC open a U.S. bank account?
Yes, but most banks require an EIN, proof of LLC registration, and sometimes a U.S. address or representative. Some online banks cater specifically to foreign business owners.
How can I ensure my foreign-owned LLC stays compliant?
Partnering with a professional tax service ensures that your LLC meets all U.S. tax obligations, avoids penalties, and remains in good standing with the IRS.
Can a foreign-owned LLC deduct business expenses?
Yes, business expenses such as office costs, software, marketing, and travel may be tax-deductible if they are directly related to the LLC’s operations.
Why Choose our Tax Services?
Expert Guidance
Our team of certified tax professionals stays current with the latest tax laws and regulations.
Personalized Service
We take the time to understand your unique financial situation and goals.
Year-Round Support
Tax planning isn't just a seasonal activity-we're here for you throughout the year.
