Foreign owned US disregarded entities (LLCs) must now file form 5472 and report on their assets and activities. Previously this was not a requirement and a a nonresident individually owned US LLC with only income from outside the US did not in many situations have to filed anything with the IRS. The penaltty for not filing this form is $10,000. Read more below.
New Form 5472 Filing Requirements for Foreign-Owned U.S. Disregarded Entities (“FOUSDEs”) - International Tax Blog
If you need help filing this form or information on it email us at ddnelson@gmail.com
New Form 5472 Filing Requirements for Foreign-Owned U.S. Disregarded Entities (“FOUSDEs”) - International Tax Blog
If you need help filing this form or information on it email us at ddnelson@gmail.com
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