Our ServicesU.S Tax Return Filing
Our tax filing solution is suitable for all types of business structures, including Single Member LLCs, Multi Member LLCs, Corporations, and Sole Proprietorships.
Tax Return
U.S. Tax Return Filing
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Nelyax Tax™ is introducing a fresh era of tax preparation that includes professional guidance and accounting solutions. We recognize the importance of establishing businesses correctly from the outset to achieve the greatest cost savings and avoid expensive mistakes and omissions.
We help you save both time and money
Professional partners can significantly aid small businesses right from the beginning. By properly setting up your taxes and books, you can save your valuable time and hard-earned money, which ultimately leads to the growth and success of your business.
We offer a complete range of services
Nelyax Tax provides tax experts while Nelyax caters to your business's legal and compliance requirements. From making your business official to ensuring its seamless operation and growth, we have got you covered.
We're supporter of small businesses.
Our experts are empowered to establish genuine partnerships with businesses and are eager to share in your success. Collaborating with us is distinctive, and we are prepared to demonstrate it to you.
Tax Advisory
Are you a new business owner and seeking assistance with all your tax queries? Our tax experts can provide unlimited advice and set up your business for success
ONE TIME PAYMENT
WE PREPARE AND FILE YOUR U.S. TAX RETURN
File your taxes online, file them on time, and file them with the help of experts.
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$100 USD
ONE TIME PAYMENT
WE PREPARE AND FILE YOUR U.S. TAX RETURN
File your taxes online, file them on time, and file them with the help of experts.
Pay once | No hidden fees
$499 USD
EIN / Tax ID Number
Frequently asked questions
How is Foreign owned Single Member LLC taxed?
If a Foreign Owned Single Member LLC (SMLLC) satisfies the following conditions, it is not liable to pay U.S. income tax:
All owners are non U.S. citizens or residents.
The LLC does not have U.S. employees or freelancers.
The LLC has no physical presence in the U.S., such as an office, warehouse, or shipping facility.
However, if the LLC has U.S. residents or citizen owners, U.S. employees or freelancers, or a physical presence in the U.S., its income is considered Effectively Connected Income (ECI).
In general, when a foreign person conducts a business or trade in the U.S., all income generated from sources within the U.S. that are associated with the conduct of that business or trade is considered ECI. This applies irrespective of any connection between the income and the business or trade being conducted in the U.S. during the tax year.
To be able to classify income received as ECI, you need to be engaged in a trade or business in the U.S. during the tax year. Personal services rendered in the U.S. are typically considered as engagement in a U.S. trade or business. Whether you are conducting a U.S. trade or business is determined by the nature of your activities. Deductions are permitted against ECI, and it is taxed at the graduated rates or at a lower rate under a tax treaty. The following discussions will help you establish whether you are engaged in a U.S. trade or business.
Is it necessary for a Foreign Owned Single Member LLC to file an annual tax return?
In general, that is correct. Even though a Foreign Owned Single Member LLC (SMLLC) may not be liable to pay U.S. income tax if it fulfills specific conditions, it is still required to submit an annual federal tax return, which includes Forms 1120 and 5472, along with all associated schedules and statements.
What is the deadline for tax filing for an LLC or corporation?
The tax filing process begins on January 1 of every year for the preceding year. For example, the filing process for 2022 starts on January 1, 2023.
Typically, the deadline for submitting an LLC/Corp’s annual federal tax return, which includes Forms 1120 and 5472, as well as all associated schedules and statements, is April 15 of the subsequent year for the previous tax year. Hence, the deadline for filing the 2022 tax return would be April 15, 2023. However, if April 15 falls on a weekend, the deadline is extended to the following business day, which would be April 18 in this case.
Is there a penalty for not filing the annual tax return?
The U.S. tax collection agency, known as the IRS or Internal Revenue Service, has begun imposing strict penalties on Foreign owned Single Member LLCs that fail to file Form 5472. If a reporting corporation fails to file this form or keep the necessary records, they will be subject to a penalty of $25,000. This penalty also applies to incomplete filings. Each member of a group of corporations filing a consolidated information return is considered a separate reporting corporation and is subject to a $25,000 penalty. They are jointly and severally liable. If the failure continues for more than 90 days after being notified by the IRS, an additional penalty of $25,000 will apply. This penalty will be applied for each related party and each 30-day period (or part of a 30-day period) during which the failure continues after the 90-day period ends. Additionally, failure to submit information or filing false or fraudulent information may result in criminal penalties under sections 7203, 7206, and 7207.
Do I need to file an annual tax return if I had no activity?
Regardless of any activity, if you have a Foreign Owned Single Member LLC (SMLLC), it is required to file an annual federal tax return, which includes forms 1120 & 5472, along with all relevant schedules and statements.
Is it necessary to file an annual tax return if there was no activity during the year?
In the majority of cases, yes. Your Foreign Owned C. Corporation (FOCC) is required to file an annual federal tax return, which includes forms 1120 & 5472, along with all relevant schedules and statements, even if there was no activity and the corporation was not used during the tax year.
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NELYAX LLCHeadquarters
Starting a new business has never been more effortless
LEGALLegal Pages
OUR OFFICEWhere to find us
30 N Gloud St Ste N Sheridan
Wyoming 82801 - United States
Wyoming 82801 - United States
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Copyright by Nelyax LLC. All rights reserved.