Annual Report Transmittal Form: Fill & Download for Free

Sure, I can address a key tax filing here. Every LLC with a 100% non resident member having a United States Trade or Business represents a reporting corporation for US Treasury purposes (Treasury Regulation Section 1.6038A-1(c)(1)).Here, if the LLC serves US customers regularly (even if from a non US location), the LLC has a United States Trade or Business. As an example, the LLC could have a digital service business ran from entirely from a non US location with US clients. So, the non resident individual does not face tax in the US but the LLC still has Treasury information reporting requirements as a reporting corporation.Given this fact, the LLC files a Form 5472 with a special transmittal form as required by Treasury Regulation Section 1.6038A-1(b) and (d). This form requires additional information on transfers between the LLC and the member or the member and the LLC as noted in Treasury Regulation Section 1.6038A-2(b)(3)(xi).Failure to file this Form 5472 or filing an inaccurate or incomplete Form 5472 may result in Treasury assessing a minimum $25,000 fine against the LLC (Section 6038A(d)). So, we are dealing here with an annual Treasury reporting requirement.I have completed the above tax analysis based on this particular situation. If the situation changes, the tax results may change. www.rst.tax

W-2 = what you get from your employer, showing your annual earnings and withholdings.W-3 = a “transmittal form” used to accompany a copy of all W-2 forms sent to the Social Security Administration to report annual incomes of all employees of the business.

It's fairly straight-forward to get money transmitter license from California. The actual challenge is that you must get a separate license for every applicable state in which you have customers. And yes, every state has slightly different forms, requirements, and timelines.If I recall, for California, you'll need to do the following:1. Pre-filing meeting2. Fill out a bunch of forms (http://www.dfi.ca.gov/forms/tma/tmaforms.asp)3. Obtain a surety bond - I believe the amounts vary depending on the nature of your business4. Fingerprint and background checks of owners5. Applicable feesYou'll also need to file annual reports and pay an annual fee, which is on a different schedule for every state.It's not rocket science, but an experienced professional would be tremendously helpful, just so you don't have to deal with the minutiae. Plus a professional is likely to have contacts at each of the state licensing departments, which can be enormously helpful when pushing these applications through.But if you're going indie, really the best way to go is to contact each state dept separately, let them know your particular situation, and start forming a relationship with them sooner rather than later.