Hi,
I have two questions relating to my situation. I was contracting for a US client from the UK using my UK Ltd. company for about two years. I did not pay US tax on my income and no tax was withheld by the client I am shortly due to become a legal US resident and I have just been checking the laws and regulations.
1) My US Client never asked me to fill out a W8-BEN-E which it seems like they should have. They did ask me to provide my Company's DUNS number for some. I believe that the" W8-BEN-E" was something they should have asked for and they need it for their own audit protection but that I or my company is unlikely to be at any fault for not having provided one?
2) I read something elsewhere on this site about the fact that owning a UK company while a US resident will add a ton of paperwork to my US tax return. My UK company has not traded for about a year but I had not gotten around to winding it down yet. I likely will become tax resident in the US in August, so even if I initiate winding down now, it will not happen in time. Is this something serious enough to consider postponing my date of immigration to the US, or is it really just going to be a few hours extra paperwork with my first US tax return? Hoping it might be easier since my company has not traded for a year and has no assets.
Thanks!
I have two questions relating to my situation. I was contracting for a US client from the UK using my UK Ltd. company for about two years. I did not pay US tax on my income and no tax was withheld by the client I am shortly due to become a legal US resident and I have just been checking the laws and regulations.
1) My US Client never asked me to fill out a W8-BEN-E which it seems like they should have. They did ask me to provide my Company's DUNS number for some. I believe that the" W8-BEN-E" was something they should have asked for and they need it for their own audit protection but that I or my company is unlikely to be at any fault for not having provided one?
2) I read something elsewhere on this site about the fact that owning a UK company while a US resident will add a ton of paperwork to my US tax return. My UK company has not traded for about a year but I had not gotten around to winding it down yet. I likely will become tax resident in the US in August, so even if I initiate winding down now, it will not happen in time. Is this something serious enough to consider postponing my date of immigration to the US, or is it really just going to be a few hours extra paperwork with my first US tax return? Hoping it might be easier since my company has not traded for a year and has no assets.
Thanks!
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