U.S. Tax Planning for Foreign E-Commerce Entrepreneurs - Part 1
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- čas přidán 12. 10. 2023
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IRS Definition for Effectively Connected Income
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See my interview with dropshipping expert, Scott Hilse...where we discuss, dropshipping, dropshipping nexus, dropshipping obligation, dropshipping sales taxes, ecommerce nexus, ecommerce tax saving strategies, llc vs s corp, hiring an ecommerce accountant, and much more.
• Dropshipping & Taxes: ...
See my interview with dropshipping expert, sebastian gheorghiu...where we discuss, dropshipping, dropshipping nexus, dropshipping obligation, dropshipping sales taxes, ecommerce nexus, ecommerce tax saving strategies, llc vs s corp, hiring an ecommerce accountant, and much more.
• Video - Zábava
![How to setup a company in the USA for your dropshipping business [Great for NON-US citizens]](/img/n.gif)
Usually, I never comment on videos, but your video is so convincing that I am unable to stop myself from doing something about it. You’re doing a great job Man, Keep it up.
Thank you!!
I am bit confuse here many CPAs on youtube told that non-resident with inventory in US Amazon or with 3pl service provider does not count trigger ECI since these both inventory locations are not our dedicated contractors/agent, they do not work for is exclusively. Same theory goes even if we are using US suppliers for dropshipping.
I agree. We need an answer.
Unfortunately the guidance is not 100% clear in this space. It’s not uncommon for accounting firms to differ in terms of application of tax law.
Thank you very much, it's an obvious question no one's talking about in those overhyped print-on-demand and affiliate marketing videos. Was looking for such clear video and finally found yours. Does affiliate marketing business (when you just advertising another company's product, but do not own the product itself) owner, living in Europe, have to pay any taxes to U.S., while promoting U.S. company's products? I would say it also is a case of just having a foreign exception certificate and that's it. Am I right? Thank you a lot ❤
It depends on how the company compensates you! If the customer is buying directly from you (you process the credit card payment) then you may need to set up a sales tax process and potentially an income tax structure. If you’re simply receiving a commission for each purpose then you don't have to worry about sales tax or income tax!
@@ecomaccountants wow, thank you for the reply :)
Hi.
But If I am doing print on demand and POD company is printing my tshirts in USA, it does not render me as ECI, because warehouse is owned by POD company. Right?
@@MB-mh4cz we agree with your answer entirely! Its not your inventory!
Also love the part regarding the resale certificates. Our firm is planning to release a video on this topic soon.
Does using 3pls (auto ds ) count as having inventory in us
No
It is our firms position that this would count as having inventory in the US for purposes of ECI
What about Wyoming or Alaska based llc ?
The state for which you entity was formed does not make a difference from an income tax standpoint. The only items that matter are the items highlighted in the video!