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Understanding Foreign LLCs and Their Tax Obligations with Form 1120 and 5472 (Single Member)

When a foreign Limited Liability Company (LLC) operates in the United States, understanding its tax responsibilities can be complex. Many foreign LLC owners face confusion about filing requirements, especially when it comes to IRS forms like 1120 and 5472. This post breaks down these obligations clearly, focusing on single-member foreign LLCs and what they need to know to stay compliant. What Is a Foreign LLC? A foreign LLC is a company formed outside the United States but do

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