hello, good afternoon, if the corporation is owned by a single foreigner and has 100% shares and has made losses that are placed on line 1F and 1H, enter "0"
Yes. The instructions to Part II at the beginning state: “Only 25% foreign-owned U.S. corporations, including foreign-owned U.S. DEs, complete Part II. For a foreign-owned U.S. DE, report the information for the foreign owner on the lines provided for the 25% foreign shareholder.”
hello, good afternoon, if the corporation is owned by a single foreigner and has 100% shares and has made losses that are placed on line 1F and 1H, enter "0"
Hi Andrew, what would be the case when 2 or more relative parties would have to do the 5472, are you talking about LLC with 2 foreigner owners?
Why didn't you start with the dates section first?
if the smllc has tax due, how will be paid since you will file proforma 1120 only
Thank you for your explanation. I would like to know if the LLC has a single owner, would I have to fill out part 2? he owns 100%
Yes. The instructions to Part II at the beginning state: “Only 25% foreign-owned U.S. corporations, including foreign-owned U.S. DEs, complete Part II. For a foreign-owned U.S. DE, report the information for the foreign owner on the lines provided for the 25% foreign shareholder.”
www.futufan.com/form-5472/ 5472 form Instructions file dpdf fillable and printable.