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Prepare Form 5472 For a Foreign–Owned Single Member LLC
Free Download Prepare Form 5472 For a Foreign–Owned Single Member LLC
Last updated 2/2021
Created by Jason Knott, Esq CPA
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English + srt | Duration: 5 Lectures ( 1h 16m ) | Size: 777 MB
Every foreign-owned U.S. LLC must file a Form 5472 - Make sure you are compliant!
What you'll learn:
How to complete Form 5472 for a foreign-owned single member LLC that is a disregarded entity?
Who needs to file Form 5472, and in what circumstances is the Form not required?
What are reportable transactions of the LLC?
Where can you download the required Forms from the IRS website?
How to complete the tax forms and submit to the IRS?
What are the procedures to file an extension request?
When is a foreign bank account report (FBAR) required for a U.S. LLC.
Requirements:
Have a basic understanding of U.S. tax filing obligations
Description:
This course is prepared by Jason D Knott, Esq CPA. Jason is a licensed CPA and tax attorney in the State of Florida, and his practice is primarily focused on U.S. and international tax issues for global entreprenuers. Jason works with individuals and companies that operate businesses across borders. He advises on transfer pricing issues, repatriation of profits, withholding tax implications, treaty benefits and positions, asset protection strategies, and estate tax minimization for U.S. and nonresident taxpayers. In this course, Jason covers the various Form 5472 filing obligations for a foreign-owned single-member LLC and the U.S. tax rules that apply to nonresidents that have U.S. situs assets or business interests. This course covers topics that include the following:1. What is Form 5472 and who is required to file the form2. What is a U.S. trade or business (USTOB) and effectively connected income (ECI)3. What is a reportable transaction and how are they calculated for each LLC4. How to complete IRS Form 5472 with a proforma Form 11205. What parts must be completed and what attachments are necessary6. How does a single member LLC file an extension request with the IRS7. When does a U.S. LLC need to file an FBAR 8. If Form 5472 is filed late, what are the options to avoid penalties from the IRS.
Who this course is for:
Non-U.S. persons or entities that are the sole owner of a U.S. limited liability company
Homepagehttps://www.udemy.com/course/prepare-form-5472-for-a-foreign-owned-single-member-llc/
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