Personal Finance & Money Asked by Nikolay Dyankov on March 31, 2021
I would like to open a LLC in the US in order to have access to some online brokers, like Interactive Brokers and Robinhood. I understand I will need to file an annual report with the state (Wyoming for example) and pay $52 fee. However the tax reporting is really confusing.
From what I understand I don’t have to pay capital gains tax, because I will be paying it in my home country. For dividends the brokers withhold 30% tax, so I don’t have to do anything there either. But:
If yes, is that something people generally do themselves, or is it almost required to pay a professional to do it?
I’m a non-resident alien, I don’t plan travelling to the US.
Thanks
Non-resident aliens also pay taxes to the US
There is no getting around paying taxes in the U.S. if you transact here. Dividends and stock buying/selling are generally very public activities. There will be public records of the publicly traded companies sending you a check or depositing into your account. Even if you manage to evade paying taxes the first time, the IRS can seize future earnings, so any tax dodge will be sort-lived.
Answered by sevensevens on March 31, 2021
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