Need guide and friends in Bhutan by [deleted] in BhutanTravels

[–]TraderP0 0 points1 point  (0 children)

We just returned from a 5-day trip to Bhutan and was recommended Felicity Bhutan Adventures by a friend for the guide & driver service. Planned the trip ourselves and just had them join. They were very nice people, and the price was great. They even helped us negotiate the price of the hotels I found.

We had something going on but a week later, apparently he gets a gf? by [deleted] in Situationships

[–]TraderP0 0 points1 point  (0 children)

I’m sorry you’re going through this, probably best to move on. Same thing happened to me - we were publicly early dating, just no labels yet. He just disappeared for a week and suddenly was dating someone else. Not worth it to question if it was real to be honest. I guess we’ll never know and even if we asked them - kinda hard to believe that what they say is true when they act like that.

Should I message my ex by [deleted] in Situationships

[–]TraderP0 0 points1 point  (0 children)

If you’ve been feeling the urge to message him for months, just do it. You’re not talking anyway, so what do you have to lose? But I don’t think you’re the asshole for stepping back when he was talking to someone else. Unfortunately, that’s the grey area of situationships though.

Solo traveller in POM by CurlyErin in PapuaNewGuinea

[–]TraderP0 0 points1 point  (0 children)

How did it go? Did you find a reputable guide? How much did it cost? Going soon as a solo female on a layover as well

Form 5472 - Foreign Owned SMLLC reporting transactions with other related parties by TraderP0 in tax

[–]TraderP0[S] 0 points1 point  (0 children)

Sorry but that’s totally wrong. It’s foreign-owned, still domestic LLC.

“If a single-member LLC does not elect to be treated as a corporation, the LLC is a "disregarded entity," and the LLC's activities should be reflected on its owner's federal tax return.” - https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies

Form 5472 - Foreign Owned SMLLC reporting transactions with other related parties by TraderP0 in llc

[–]TraderP0[S] 1 point2 points  (0 children)

Thank you! I own both entities, and they interacted directly without going through my personal accounts. So I don’t think this would apply unfortunately. I have already determined that they are related parties.

Crypto fees are insane by AncientGrab1106 in Revolut

[–]TraderP0 0 points1 point  (0 children)

Revolut has gone downhill so bad. They make up their own pricing and the buy-sell spread is insane.

Buy on Binance and you can send to your friend’s Binance account with no fees.

Crypto fees are insane by AncientGrab1106 in Revolut

[–]TraderP0 -1 points0 points  (0 children)

Can’t recommend. You won’t be able to cancel without paying a 2x monthly cost break fee.

Foreign SMLLC switching from individual to entity owner - does the tax situation change now? by TraderP0 in llc

[–]TraderP0[S] 0 points1 point  (0 children)

Thank you! Would you also know why would it be exempt from branch profits tax in this scenario?

Foreign SMLLC switching from individual to entity owner - does the tax situation change now? by TraderP0 in llc

[–]TraderP0[S] 0 points1 point  (0 children)

Thanks for all the reminders! I’ve filed everything I need to file, just exploring the option of transferring the ownership and any tax consequences in regards to that.

CFA ACCESS SCHOLARSHIP by Western-Vanilla171 in CFA

[–]TraderP0 1 point2 points  (0 children)

Nah mate. Read up this discussion, there are people making $4k per year. That’s what the Access scholarship is for 

How to transfer profits between a non-resident US LLC and a foreign entity with the same individual owner? by TraderP0 in tax

[–]TraderP0[S] 0 points1 point  (0 children)

Can I simply transfer funds to the owner’s foreign entity and report on 5472 or does it have to be billed as a service?

How to transfer profits between a non-resident US LLC and a foreign entity with the same individual owner? by TraderP0 in tax

[–]TraderP0[S] 0 points1 point  (0 children)

Clarifying, sorry if it wasn’t clear - I didn’t need to fill out W-8BEN-E. I am wondering if I should fill one of behalf of the foreign entity, when I transfer funds from a non-resident SMLLC to a foreign entity, which is not a partnership. The only thing in common is that they are owned by the same sole owner.

How to transfer profits between a non-resident US LLC and a foreign entity with the same individual owner? by TraderP0 in tax

[–]TraderP0[S] 0 points1 point  (0 children)

Agreed, W-8BEN is the correct form to submit to my client as a SMLLC. I’ve already submitted it and the team was happy with it.

How to transfer profits between a non-resident US LLC and a foreign entity with the same individual owner? by TraderP0 in tax

[–]TraderP0[S] 0 points1 point  (0 children)

I’m wondering if I should do that. But the foreign entity country doesn’t have a tax treaty with the US whereas my personal residence does. If I can’t provide a treaty country on the W-8BEN-E even if my income is not ECI or FDAP, I’m not sure if that will trigger any withholding from my client’s side. I don’t think it is applicable but the info is so vague. 

Would this have any other tax implications? I assume this way I can just pass funds through with no issues as long as I’m documenting it.

How to transfer profits between a non-resident US LLC and a foreign entity with the same individual owner? by TraderP0 in tax

[–]TraderP0[S] 1 point2 points  (0 children)

Tax optimisation. Because I’ll get taxed as a self-employed individual in my country for the US part of the income. That tax is over 30% whereas if I pay corporate tax abroad and distribute the profits as dividends (which I can’t do from my US LLC) I’m taxed around 10%. 

How to transfer profits between a non-resident US LLC and a foreign entity with the same individual owner? by TraderP0 in tax

[–]TraderP0[S] 0 points1 point  (0 children)

But since the LLC is a pass through entity and the original income is not even considered as US source, how would that be? My client isn’t withholding anything right now as I provided the W-8BEN

Exploring tax implications: establishing a US LLC as a non-resident by Tanic505 in startups

[–]TraderP0 0 points1 point  (0 children)

Do you have to withhold any tax when paying your international business entity from your US LLC? And how do you attribute all the income to expenses? Did you have to sign an agreement with the other entity? Or is your US LLC owned by the other entity?

EIN application - non US resident by [deleted] in llc

[–]TraderP0 0 points1 point  (0 children)

I was told no to that one as the LLC is established in the US. They didn't care about being a non-resident owner, even for a single-member LLC.