The EIN and IRS forms · A term for founders abroad
What is Form 1040-NR?
The US tax return for a non-resident individual with US-taxable income, such as income from a US trade or business; most foreign LLC owners don't owe one.
Checked against the IRS's instructions and the states' own rules. Reviewed by Saais Patel, compliance reviewer.
Term 38 of 105 in the glossary, filed under F.IRS: Publication 519, tax guide for aliens
Form 1040-NR, for a founder abroad.
A foreign individual files Form 1040-NR when they have income effectively connected with a US trade or business, US-source income that wasn't correctly withheld on, or a refund of over-withheld tax to claim.
The owner of an LLC run from abroad with no US presence usually has none of these and files nothing personally; the company files Form 5472. Filing needs an SSN or ITIN, which is the usual reason a founder abroad applies for one.
Sources: IRS: Publication 519, tax guide for aliens.
Read next · guide · 2 minDo you need an ITIN? Usually not, and here's when you doWhat founders ask next.
- Do I file Form 1040-NR as the owner of a US LLC?
- Only if the company has US business income or you have US income that wasn't withheld correctly. Most owners of an LLC run from abroad don't.
- When is Form 1040-NR due?
- For a non-resident without US wages, 15 June for a calendar year; with US wages subject to withholding, 15 April.
03 · See also
- The EIN and IRS formsITINA personal US tax number for people who must file a US return but can't get an SSN; not needed to form a company or to get its EIN.Read the term
- US tax for an owner abroadEffectively connected incomeIncome connected with a US trade or business, which the US taxes a foreign person on at ordinary rates; pay for work done abroad usually isn't ECI.Read the term
- The EIN and IRS formsForm 5472The yearly IRS information return a foreign-owned US company files to report transactions with its foreign owner, with a $25,000 penalty for missing it.Read the term
- The EIN and IRS formsEINThe nine-digit tax number the IRS assigns to a business, and the first thing every US bank, payment processor and marketplace asks for.Read the term
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