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Asked in CA May 26, 2022 ,  0 answers Visitors: 35

Foreign partner of an US LLC

When recieving profit distribution does he pay taxes in the US and Foreign or just the country of origin?

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1 Answers

Anonymous
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Posted on / Oct. 13, 2008 09:37:00

Re: Foreign partner of an US LLC

It depends on the foreign country what the tax law ramifications are.

You need to see an attorney or accountant that has experience in such matters. Often, you must pay US taxes but then get credit toward your foreign capital gains and distribution taxes on the amount paid to the US Treasury.

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