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Posted by Bill Brown on July 3, 2006, 6:52 pm
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akennis wrote:
> I am considering to start a LLC based software company. I
> am a US citizen, but have been living outside the States for
> some time now. I have been filing federal & state 1040NR
> forms during this time, while paying taxes to my local
> government.
That would be your first mistake. U.S. citizens do not file
Form 1040NR. U.S. citizens file Form 1040.
> What are the most pressing tax issues to such a
> circumstance?
The most pressing tax issue is to file proper returns for at
least the past 6 years or the time you've been filing
1040NRs, which ever is shorter, then move on from there.
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