ng.weldune.com / US market-access pack / Questions
Questions about the us market-access pack.
Each answer says what the pack does and where to find it. Where a question turns on how a rule applies to you, the answer says so and names who can tell you.
- Does the pack form the entity or open the bank account for me?
- No. It walks you through the publicly documented steps and organizes your information into the application package. Formation and banking are yours, with your attorney and your bank.
- When is Form 5472 due?
- The calendar renders a date only from a verified source. Until this pack's variables are logged the row reads Confirm with your accountant.
- Do I need to collect US sales tax?
- The nexus check organizes your own sales facts against the states you sell into and shows where a question arises. Whether you must register is not decided here.
- Does the pack form the entity or apply for the EIN for me?
- No. It walks through the publicly documented steps and organizes your information for the applications. Formation and the EIN application are yours or your attorney's.
- Do I need to be in the US to do this?
- The walkthrough covers the publicly documented steps available to a founder applying from outside the US; it is a walkthrough, not representation, and does not form the entity, sign returns or open accounts.
- Do I need a US entity at all?
- I can explain what the pack covers and where to find it, but I cannot tell you how a rule applies to your situation; a licensed tax practitioner in Nigeria can.
- Does the pack file Form 5472 or Form 1120 for me?
- No. It puts both filings on the calendar in the format the template specification names; filing is yours or your accountant's. The pack is a walkthrough, not representation, and does not form the entity, sign returns or open accounts.
- What happens if the entity has no income to report?
- Form 1120 is still filed, and Form 5472 still reports the transactions the IRS requires regardless of income; the calendar carries both filings either way.
- When exactly are these forms due?
- The calendar renders a date only from a verified source. Until then, confirm with your accountant.
- Does the pack submit the W-8BEN to my client for me?
- No. It walks through the form and organizes your information; sending it to the client is yours. The pack is a walkthrough, not representation, and does not form the entity, sign returns or open accounts.
- Do I need a US entity before using the W-8BEN and USD invoice?
- The W-8BEN and USD invoice apply to an individual billing directly; the entity walkthrough is a separate, later step in the same pack, once the business incorporates.
- Which tax treatment applies to my US income?
- I can explain what the pack covers and where to find it, but I cannot tell you how a rule applies to your situation; a licensed tax practitioner in Nigeria can.
Confirm with your accountant if unsure.