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       #Post#: 25--------------------------------------------------
       Sent to the IRS before any of the money
   DIR By: Jabin Khatun
       Date: August 30, 2023, 11:21 pm
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       Another question, why is it better for non-Americans not to
       register an LLC type company but to choose a C-corp? Let’s look
       at the following passage in English: If you form a corporation
       in Delaware, your corporation will be taxed as like any other US
       corporation. The corporation will pay the same taxes that any
       other US corporation would on all US-sourced income and your
       Delaware corporation would also be taxed on all foreign
       earnings, in accordance with US Treasury regulations. Since the
       corporation was formed in the United States, it is taxed as a
       domestic corporation and you will file Form 1120. As a non-US
       resident, your Delaware LLC will only be taxed in the US on
       income from US sources, meaning that income from other countries
       will not be taxed by the US.
       If you choose to form an LLC, any profits US-sourced income
       will be taxed by 30%. This 30% goes to the IRS. At the end of
       the year, you will file your US taxes on Form 1040-NR with the
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       actual amount due. If the amount due is
       less than the 30% initially taxed, the IRS will issue a refund
       in the amount overpaid. To make sure the LLC is sending the
       proper amount to the IRS, the LLC must designate a tax
       withholding agent to calculate the proper amount that must be
       is released.
       [img]
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       Because of these difficulties, many non-US residents choose to
       form corporations, unless they are forming the LLC to do
       business strictly outside of the US, in which case,the LLC would
       not owe any US taxes. Use Google Translate: If you incorporate
       in Delaware, your corporation will be taxed like any other U.S.
       corporation. According to the U.S. Department of the Treasury,
       the corporation will pay the same taxes as any other U.S.
       corporation on all U.S.-sourced income, and your Delaware
       corporation will also be taxed on all foreign income. Since the
       corporation is incorporated in the United States, it is taxed as
       a domestic corporation and you will file Form 1120.
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