Legal Question in Business Law in Pakistan
Hi,
This is Hasan from Pakistan. I run a few websites and that's how I pay my bills. Most of my payments come through PayPal but recently they have blocked access to my PayPal account asking me to provide them a SSN or EIN which I don't have.
I am planning to set up a LLC in the US through the agents over at Nevada.org whereby my business will get an Entity Identification Number and I will be provided a US address and a proper registered business through an agent.
What I want to ask is.. Will I have to pay taxes every year or will I have to deal with the IRS?
Please help!
1 Answer from Attorneys
you will have to pay tax on your income and that will be based on the accounts you made (income and expenditure)and submit them with the annual tax return. but only if you default , conceal or evade tax you will have to deal with Tax monitoring authorities.
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