I've registered an LLC in the US as a foreigner. Registration was no problem, but I find the specific tax laws and regulations difficult, especially because it's hard to find clear information on what rules apply to foreign owners.
From many answers on this same website, I've read the best bet is to 'consult an accountant'. I agree, and I have been formulating my main questions. They are:
Please note, I'm not looking for the answers here (having somebody here who can properly answer them all would be awesome, but I figure I need to have somebody who I can trust, and unfortunately I can not trust the internet).
So anyway, these are my main three questions. Each question comes with a more detailed description of our situation to provide the necessary background to answer the question. My doubts are:
We expect our company to generate ca. $1,000 per month in the first year or so, so it's not easy to pay top-dollar for this kind of information for us.
Is it feasible to contact a tax accountant and have him answer theseGenerally, yes.
questions by e-mail.
What would be a reasonable amount to pay for this information?Charges vary significantly, and obviously the more experienced and knowledgeable providers charge more. You can expect somewhere between $100 and $500 hourly rate (yes, the variance is huge), or negotiate a retainer fee for long term relationship.
Any other things to take into consideration?Know who you hire. You can talk to a CPA, EA or an attorney, make sure you're talking to a licensed professional. Un-enrolled professional (none of the three above) can help you with tax preparation, but not with tax planning.
Also, not any CPA is familiar with taxation, and of those who are - not any is familiar with international taxation. Its a difficult topic which most tax professionals in the US don't need to deal with. So look for the professional who specializes on international taxation. You might even find one in your own home country (which will help you with both the US and local taxes then).
If you don't need an accountant necessarily (i.e.: no need in services that aren't tax-related), EA's are regulated and licensed by the IRS directly and required to take continued education in tax only (CPA's don't have to take any tax CE and are regulated by states).
If you need complicated and multi-national tax planning, attorney would be the way to go.