Cassie M. asked

💰  Tax

If an LLC with 3 foreign owners (NRA) has income not effectively connected with the USA, do I need to fill out the income statement and balance sheet in Form 1065, and how should this income be reported to avoid U.S. taxes?

January 2nd, 2023

Devin S. answered

Yes, the LLC with foreign owners is required to file Form 1065, the U.S. Return of Partnership Incom...

January 2nd, 2023

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