- May 1, 2013
- Reaction score
An LLC no matter how it chooses to be taxed will be taxed plain and simple either the members will report taxes directly or the LLC can chose to be taxed as a corporation and thus subject to federal corporate tax rae like every other C or S corp. If you are using a USA payment processor or marketplace as a non resident without an ITIN your revenue will be reported on your 1099-K under your LLC EIN. That revenue needs to be reported on your return. Plain and simple you have a legally operating USA entity generating revenue. It will be taxed at the federal and/or state level period. Your US LLC can`t make $30,000 in revenue and think you are not going to be taxed because you are not a resident. Mercury is limited plain and simple. Every fintech that doesn`t hold its own bank charter will obviously be more limited in terms of risk then the actual bank providing the deposit and card services. There`s industries and activity that Evolve Bank and Trust can support that Mercury can not. If you are going to respond don`t leave context on the sofa.