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Old 09-28-2009, 11:57 AM
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Join Date: Sep 2009
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How will I be taxed if I form an LLC?

Hello everyone. Thank you very much for creating this excellent community. It's great to get professional advice.

Here is my question: I'm a German citizen who lives in Germany permanently. I'm planning on forming an LLC in the US without traveling to the US. I know that this is possible and legal.

Now, if my LLC or I gets taxed by the IRS, will I also have to pay tax in Germany on the same business? I operate a website that generates income through the Google advertising program and through the sales of ebooks.

Many thanks.
CitizenT
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Old 09-28-2009, 12:31 PM
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Join Date: Mar 2006
Posts: 6,673
You will need to ask someone who knows German law.

If the reverse were true, you would get a credit for any tax owed in Germany and/or an exclusion on a certain amount of foreign-sourced income.
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