IRS Proposes Changes to Reporting Requirements for Foreign Owned US Disregarded Entities

Limited Liability Companies US TAX SURPRISES AND REPORTING REQUIREMENTS SERIES US Taxation

Internal Revenue Bulletin 2016-21, issued May 23, 2016, by the Internal Revenue Service (IRS) and Treasury Department included a notice of proposed rulemaking altering the reporting requirements for US disregarded entities owned by non-US persons or entities. A US disregarded entity is an entity with a single owner that is not treated as separate from…

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