hey, I never seen this information about the 31 days before, instead this is what I found: Substantial presence test You satisfy the substantial presence test, and are therefore treated as a resident alien for a calendar year, if you have been physically present in the United States on at least: 1. 31 days during the current year, and 2. 183 days during the 3-year period that includes the current year and the 2 years immediately preceding the current year. To satisfy the 183-day requirement, count: 2.1 All of the days you were present in the current year, 2.2 One-third of the days you were present in the first year before the current year, and 2.3 One-sixth of the days you were present in the second year before the current year.
I'm not a U.S. citizen and have never been to the U.S., but I own a Wyoming LLC and run a Print on Demand business (a type of dropshipping). I create designs and promote products on my website and Etsy. When a customer places an order, their address is sent to Printify, which works with third-party print providers to print my design and ship the product directly to the customer. Do you think this setup avoids U.S. trade or business (USTOB) designation, and that it doesn't result in effectively connected income (ECI)? Essentially, I handle the design and marketing from my country, while third-party companies handle fulfillment.
SO.... as humble P.O.D. hustle, that doesn't live in USA, foreign citizen (no LLC), but use companies like Printify, to sell on U.S. platforms, do I need to pay taxes in US? can't find the answer. I appreciate in advance your reply,. Thanks
Hi, I had a question. Im based in the Netherlands and want to start an LLC in the US with the first method u used in this video so the "second tax structure". But I wanted to know what like the exact steps are that I am supposed to take legally so also how to get an EIN number and if that is required, so if you could explain or maybe have a link to a site that explains it all. Thank you!
I would like to close my company in Italy, and since I live in the Philippines for more than 6 months a year, I would like to take tax residency in the Philippines, which has a territorial taxation system. I plan to open an LLC in the USA in Delaware or Wyoming, etc., to benefit from almost 0% taxation and then pay dividends into my Revolut account with tax residency in the Philippines. My clients are mainly in Italy and the USA. Can I do this? Will I only have to pay taxes to the LLC in this case? I sell digital products online!
Hello, this video is what I was looking for. I qualify for the Foreign Owned DRE as I will only use pod dropshipping and have no effectively connected income , my question is regarding sales tax. I will have my site on BigCommerce, which works similar to Shopify. Do I have to collect sales tax from buyers? How does that work? And if I have to collect, how can I calculate it?
I checked your video about sales tax, and the answers you gave on the comments of that video. I was scared to start selling, but apparently I can start selling and worry about collecting taxes only if I start getting close to a 200 order treshold on a specific state. If that is the case, which I doubt, do you offer services in your site to help me with that situation when it arises? Thanks
Hello Sir - we were about to refer you to the sales tax video! Yes when you start to earn over $100K per month consistently we can offer you a free consultation. If you are looking for advice before that we can offer you a paid consultation. Send an email to our "info" email on our website if you have more questions
Great video, what about sales tax? is it the same for people who live in Europe or do we in Europe have to pay sales tax after the certain state's threshold?
Sales Tax is a completely separate beast! Check out our Sales Tax video for more info. Physical Nexus won't apply to you as a foreigner HOWEVER Economic Nexus will.
Hello, nice content. I have a question and I hope you can help. I have a LLC in the UAE and an amazon account in the UAE as well. I'm trying to expand to the US and try open an Amazon US account over my LLC in the UAE. Do you see any issues with this structure? and do I have to pay Taxes except sales taxes? I'm intending to use the Amazon FBA, so the goods will be stored in the amazon warehouses.
Unfortunately your fact pattern is a bit complex and it depends on a few things including citizenship, where you live, and where you have inventory stored. We suggest that you consult with a tax professional with international tax experience.
@@ecomaccountants I'm german citizen, however I live in the UAE. the inventory will be in amazon warhouses and will be fullfilled by amazon. I have nothing else in the us
Hey awesome content, I just want to clarify does that mean sales tax does not apply to foreigners and simply we just need to file the annual 5472 and have separate business bank account etc
Sales Tax is a completely separate beast! Check out our Sales Tax video for more info. Physical Nexus won't apply to you as a foreigner HOWEVER Economic Nexus will.
I just bought your course! Super valuable. Still diving in, but quick Q about piercing the veil Can I use the Amex membership points from my business credit card towards anything? or is it strictly for business what I choose to redeem my points for?
A bit of a grey area. However we typically tell our clients its okay to use your AMEX POINTS for personal purchases, even if the points are generated by the business. This may not be a popular opinion with attorneys - but its our firms position.
hey, I never seen this information about the 31 days before, instead this is what I found:
Substantial presence test
You satisfy the substantial presence test, and are therefore treated as a resident alien for a calendar year, if you have been physically present in the United States on at least:
1. 31 days during the current year, and
2. 183 days during the 3-year period that includes the current year and the 2 years immediately preceding the current year. To satisfy the 183-day requirement, count:
2.1 All of the days you were present in the current year,
2.2 One-third of the days you were present in the first year before the current year, and
2.3 One-sixth of the days you were present in the second year before the current year.
Hey - were doing our best to simplify the rules however I do confirm your finding is accurate.
I'm not a U.S. citizen and have never been to the U.S., but I own a Wyoming LLC and run a Print on Demand business (a type of dropshipping). I create designs and promote products on my website and Etsy. When a customer places an order, their address is sent to Printify, which works with third-party print providers to print my design and ship the product directly to the customer.
Do you think this setup avoids U.S. trade or business (USTOB) designation, and that it doesn't result in effectively connected income (ECI)? Essentially, I handle the design and marketing from my country, while third-party companies handle fulfillment.
What if I transfer the profit from my Disregard entity bank to my personal bank account in United States? Does it has to be reported ?
No!
SO.... as humble P.O.D. hustle, that doesn't live in USA, foreign citizen (no LLC), but use companies like Printify, to sell on U.S. platforms, do I need to pay taxes in US? can't find the answer. I appreciate in advance your reply,. Thanks
If you are a US citizen (even one living in the US) you would be subject to US Income Taxes.
Hi, I had a question.
Im based in the Netherlands and want to start an LLC in the US with the first method u used in this video so the "second tax structure". But I wanted to know what like the exact steps are that I am supposed to take legally so also how to get an EIN number and if that is required, so if you could explain or maybe have a link to a site that explains it all. Thank you!
Hire a lawyer - this would be the simplest solution. It may cost a little extra - but it will cost much less headache!
I would like to close my company in Italy, and since I live in the Philippines for more than 6 months a year, I would like to take tax residency in the Philippines, which has a territorial taxation system. I plan to open an LLC in the USA in Delaware or Wyoming, etc., to benefit from almost 0% taxation and then pay dividends into my Revolut account with tax residency in the Philippines. My clients are mainly in Italy and the USA. Can I do this? Will I only have to pay taxes to the LLC in this case? I sell digital products online!
This seems to be a pretty technical question. Consider booking a consultation call with our firm or another that specializes in international tax.
Hello, this video is what I was looking for. I qualify for the Foreign Owned DRE as I will only use pod dropshipping and have no effectively connected income , my question is regarding sales tax. I will have my site on BigCommerce, which works similar to Shopify. Do I have to collect sales tax from buyers? How does that work? And if I have to collect, how can I calculate it?
I checked your video about sales tax, and the answers you gave on the comments of that video. I was scared to start selling, but apparently I can start selling and worry about collecting taxes only if I start getting close to a 200 order treshold on a specific state. If that is the case, which I doubt, do you offer services in your site to help me with that situation when it arises? Thanks
Hello Sir - we were about to refer you to the sales tax video! Yes when you start to earn over $100K per month consistently we can offer you a free consultation. If you are looking for advice before that we can offer you a paid consultation. Send an email to our "info" email on our website if you have more questions
Great video, what about sales tax? is it the same for people who live in Europe or do we in Europe have to pay sales tax after the certain state's threshold?
Sales Tax is a completely separate beast! Check out our Sales Tax video for more info. Physical Nexus won't apply to you as a foreigner HOWEVER Economic Nexus will.
Hello, nice content. I have a question and I hope you can help.
I have a LLC in the UAE and an amazon account in the UAE as well. I'm trying to expand to the US and try open an Amazon US account over my LLC in the UAE. Do you see any issues with this structure? and do I have to pay Taxes except sales taxes? I'm intending to use the Amazon FBA, so the goods will be stored in the amazon warehouses.
Unfortunately your fact pattern is a bit complex and it depends on a few things including citizenship, where you live, and where you have inventory stored. We suggest that you consult with a tax professional with international tax experience.
@@ecomaccountants I'm german citizen, however I live in the UAE. the inventory will be in amazon warhouses and will be fullfilled by amazon. I have nothing else in the us
Hey awesome content, I just want to clarify does that mean sales tax does not apply to foreigners and simply we just need to file the annual 5472 and have separate business bank account etc
Sales Tax is a completely separate beast! Check out our Sales Tax video for more info. Physical Nexus won't apply to you as a foreigner HOWEVER Economic Nexus will.
I just bought your course! Super valuable. Still diving in, but quick Q about piercing the veil
Can I use the Amex membership points from my business credit card towards anything? or is it strictly for business what I choose to redeem my points for?
A bit of a grey area. However we typically tell our clients its okay to use your AMEX POINTS for personal purchases, even if the points are generated by the business. This may not be a popular opinion with attorneys - but its our firms position.
promo sm 😠
Dude watch the video before posting
Hey - are you noticing any issues with this video?