R
rdrnws
Hi,
me and my partner are considering forming an LLC in
Virginia. He is a state resident, I am a non-resident alien.
We were wondering about the following taxation issues.
1. Based on his profit share reported on the LLC's 1065,
will my partner pay federal taxes, state taxes, or both?
2. Do I have to pay federal taxes, state taxes or both
(remember I am a non-US citizen residing abroad)?
If that matters, the LLC will be providing services in all
50+ states and abroad.
TIA,
Nikolas
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<< The foregoing was not intended or written to be used, >>
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<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>
me and my partner are considering forming an LLC in
Virginia. He is a state resident, I am a non-resident alien.
We were wondering about the following taxation issues.
1. Based on his profit share reported on the LLC's 1065,
will my partner pay federal taxes, state taxes, or both?
2. Do I have to pay federal taxes, state taxes or both
(remember I am a non-US citizen residing abroad)?
If that matters, the LLC will be providing services in all
50+ states and abroad.
TIA,
Nikolas
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>