How to File Form 1040-NR for a Nonresident Owner of a Disregarded LLC
This example covers how to prepare Form 1040-NR for a nonresident owner of a US LLC that has effectively connected income with a US trade or business.
How to File Form 5472 for a Foreign-Owned Disregarded LLC
This example covers a tutorial on how to prepare IRS Form 5472 for a Foreign Owned Disregarded LLC that is engaged in a U.S. trade or business and has effectively connected income (ECI).
How to File IRS Form 5472 for an Investment Entity
The Form 5472 is filed with a proforma Form 1120 when a single-member disregarded LLC has a non-U.S. owner. This tutorial covers an example where the non-U.S. owner uses the LLC as an investment entity.
Does a Single Member LLC Need an EIN?
In general, every entity in the U.S. should obtain an employer identification number (EIN). A single member LLC is a disregarded entity, so it may not require an EIN. Here are the details.
What are Reportable Transactions on IRS Form 5472
The IRS Form 5472 is used to disclose non-U.S. ownership and reportable transactions with foreign parties. This article and video discuss what types of reportable transactions need to be disclosed on Form 5472.
What is a Disregarded Entity?
A disregarded entity is a legal entity with one owner that is treated as a transparent entity for federal tax purposes.
Married Taxpayers With an LLC – Can You File Form 1065 Partnership Tax Return
In general, an LLC with more than one owner is a multi member LLC and a partnership for federal tax purposes. In some cases, an LLC owned by a married couple can choose to treat the LLC as a disregarded entity instead of a partnership.
Foreign Owned Single Member LLC – Do You Use a Form W-9 or Form W-8BEN?
A single member LLC is by default a disregarded entity for federal tax purposes. This article and video covers the basics of disregarded entities and whether a nonresident owner needs the Form W-9 or Form W-8 series.
LLC Partnerships – Do I Need a New EIN if the Partnership Ends?
An LLC can be taxed a variety of ways. When an LLC is taxed as a partnership and the membership is reduced to one member, the partnership ends and the LLC becomes a disregarded entity. Does the LLC need a new EIN?
Can I File Form 1065 for a Single Member LLC?
A single member LLC is an LLC that has only one owner. By default, a single member LLC is a disregarded entity for federal tax purposes. Disregarded LLCs have very specific federal tax reporting requirements.