Frequent movement of people across tax jurisdictions is a reality today. Globalization has ensured that geography no longer matters and geographical borders are a thing of the past as people move from one country to another undeterred by physical or regulatory boundaries. Companies too find that it is easier to depute personnel from one country […]
Month: October 2019
Form 5472 filing requirements for an NR Alien owner of a US LLC
Starting with tax year 2017, certain reporting requirements have changed for filing Form 5472. Form 5472 is an information return for a US Corporation engaged in a US trade or business with foreign ownership of more than 25%. Information is required to be provided under sections 6038A and 6038C of the Internal Revenue Code. (IRC) […]