Non-Resident Owner

Accountant has a client who is not a resident of the US, but has income paid to her LLC.  She is in this country more than 90 days each year.

Can she set up a qualified plan for the LLC income.

If it is US-source income, then why not? LLC would have an EIN. She should also have a SSN or some other personal tax ID number.

Yes as long as US based income. No issues except what happens to the monies once they terminate the plan? All depends on the country they are associated with for taxation.

The business owner might want her lawyers’ and accountants’ help to evaluate bilateral and multilateral tax treaties regarding her current domicile, current part-year residences, and current sources of income, and, if different, older-age domicile, residences, and sources of income.

While many treaties have provisions meant to limit double taxation, not all do. And timing and accounting differences can result in imperfect application of the treaties’ provisions.

Further, the owner/participant might consider current and potential currency restrictions and other difficulties.