Asked in Tax Law for Delaware

Q: I have a LLC in Delaware. I have used a foreign address for my llc. Should I pay Income Tax?

I have a LLC in Delaware. I have used a foreign address ( Sri Lankan Address) for my llc. I am living in Sri Lanka ( Foreign Country ). If My LLC earning money in usa, should i pay tax individually to the usa and should pay tax by my llc?

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1 Lawyer Answer
Blake Goodman
Blake Goodman
  • Tax Law Lawyer
  • Honolulu, HI

A: Your LLC is a flow thru entity in the US. It doesn't pay tax, even though it may have to file a return (partnership or your individual Sch. C return). You have to pay taxes though individually for LLC income, regardless of you not living in US. US citizens pay worldwide income. You can get a credit from foreign country if you paid taxes in that county to avoid double taxation on the same income. Hope this helps in a general way.

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