@jamesbakercpa: Fifteen years of opening non-resident LLC files and I still see the exact same gaps show up every single time 😬 It's never because people are careless. It's because nobody ever sits them down and explains what compliance actually looks like for a foreign owned US company, so they end up guessing their way through one of the most heavily regulated areas of US business law. 1️⃣ Form 5472 missing entirely from year one, often because the client genuinely had no idea it existed 2️⃣ The registered agent address doing double duty as the actual business address, which flags instantly with most banks 3️⃣ A tax treaty that technically exists between countries but was never reviewed to see how it actually applies 4️⃣ Banking built without ever considering what a real compliance check would uncover later 5️⃣ The wrong entity type chosen for the business from the very start, which creates problems that compound over time These issues stay completely invisible right up until a bank rejection or an IRS letter forces them into the light. By the time that happens they've usually been sitting there quietly building risk for years, and fixing them retroactively always costs significantly more than getting it right from day one would have. Make sure you're following @jamesbakercpa so I can send you exactly what I check first when I review a new client 📩 Comment TAX and I'll send you the full breakdown 👇 #nonresident #llccompliance #internationaltax #ustax #form5472
