Form 5472 for a Foreign Owned Disregarded LLC - Who Needs to File?

For 2023 Form 5472 Example 1: • How to File Form 5472 ...
For 2023 Form 5472 Example 2: • How to Fill Out Form 5...
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Every foreign-owned disregarded U.S. LLC must file a Form 5472 with a proforma Form 1120 every tax year. However, it is not always so simple. The topics covered in this video are the following:
1. Who needs to file Form 5472.
2. What is a U.S. Trade or Business (USTOB) and how does that change the filing requirements?
3. When might your LLC be subject to U.S. taxes?
4. Example of Form 5472 with proforma Form 1120.
WARNING: Failure to properly identify whether a USTOB exists can result in massive tax consequences and penalties. Always consult an international tax advisor before completing your Form 5472.
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Do I Need Form 1040-NR: • Do I Need to File a Fo...
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