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A US corporation is a US person. The owners of it are not, unless they are citizens or LPRs. Feel free to check with your lawyer or the IRS. https://www.irs.
by patio11 11y ago
A US corporation is a US person. The owners of it are not, unless they are citizens or LPRs. Feel free to check with your lawyer or the IRS.
https://www.irs.gov/Individuals/International-Taxpayers/Classification-of-Taxpayers-for-U.S.-Tax-Purposes https://www.irs.gov/Individuals/International-Taxpayers/Clas...
- bcg1 11y agoIt is of course possible (likely?) that the policy could be expanded at any time... so perhaps maintaining a maximum distance is indeed a prudent policy for those currently outside the grips of the US tax feeders.
- eis 11y agoFor banking purposes you can already be befined as a US person by just having a US phone number, mailing address or generate some brokerage gains from any US business.
- gexla 11y agoYou don't have a U.S. phone number, mailing address, etc. You only own shares in the business. Though you may also be an employee and hold other positions within the company. You aren't anymore a U.S. person by owning shares of the corporation you setup than you would be a U.S. person by owning shares in Microsoft.
- vsl 11y agoOwning a US company is exactly the kind of "relation to US" (the phrasing banks use here, not "US person") that will trigger the consequences described by other commenters.