Do I need ITIN ?

[Forx39]

Hello,

do I need to get ITIN for a single member LLC non-US resident with all business done only in Europe? No biz activity in US.

 

[JohnnyDoe]

No, just a EIN for opening the bank account

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[Forx39]

JohnnyDoe said:
No, just a EIN for opening the bank account
Click to expand...

In which case I need to have an ITIN?

 

[JohnnyDoe]

Forx39 said:
In which case I need to have an ITIN?
Click to expand...

Some banks ask for it in lieu of a SSN

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[Forx39]

Literally reported: "Foreigners need to apply for an ITIN from the IRS if they have a federal tax filing requirement"
What about if LLC pays me monthly management fee?
And for yearly dividends or distribute profits?
Do I need to have ITIN in these cases because I have federal tax filing requirement?

 

[JohnnyDoe]

Forx39 said:
Literally reported: "Foreigners need to apply for an ITIN from the IRS if they have a federal tax filing requirement"
What about if LLC pays me monthly management fee?
And for yearly dividends or distribute profits?
Do I need to have ITIN in these cases because I have federal tax filing requirement?
Click to expand...

You should better check with a US accountant.

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