Foreigner started a C-Corp in California, with no Profit Distribution/Salary. Does he need to File Personal Tax Return with IRS and State? - Page 2

Wnhough · #1 (**permalink**) 01-09-2014, 02:16 PM

Quote:

Originally Posted by cyrix

Thanks a lot for your detailed answer.. but it still hasn't address the question in my title: Is this foreign person required to file personal tax return to the IRS during the years he has received no income from the c-corp (nor any other income in the US)?

Thanks.

Ok you are correct it is my bad( I got confused myself onyour situation); Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the United States is the same as for a US resident. It is not necessary to be a US citizen or to have a green card to own a corporation or limited liability company formed in the United States.

cyrix · #2 (**permalink**) 01-09-2014, 04:35 PM

Is this foreign person required to file personal tax return to the IRS during the years he has received no income from the c-corp? Thank you very much.