Setting up a LLC in Wyoming as a non-resident to invest in stocks
Setting up a LLC in Wyoming as a non-resident to invest in stocks
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Nikolay Dyankov · External communityPost link
External question — Personal Finance Stack Exchange
Author: Nikolay Dyankov
Original post: https://money.stackexchange.com/questions/134561
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
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:
Do I have to file a yearly tax return?
Do I have to file quarterly estimated tax?
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
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Nikolay Dyankov Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/134561 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. 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: Do I have to file a yearly tax return? Do I have to file quarterly estimated tax? 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
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