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penguin's latest activity
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Ppenguin replied to the thread Understanding FBAR for U.S. Foreign owned disregarded entity..Thanks, yea, my reading of the information does suggest personal accounts in other countries are not relevant (unless perhaps the...
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Ppenguin replied to the thread Understanding FBAR for U.S. Foreign owned disregarded entity..I'll tell you my understanding, from a careful reading of some documents on the FBAR website, and the PDF instructions for completing...
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Ppenguin replied to the thread Question US LLC Forms 5472/1120 digital signature ?.I heard that if it is sent in on paper, they may actually check the ink. But if it's faxed, then obviously they cannot check the ink...
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Ppenguin replied to the thread Filling 5472, 1120, FBAR, BOI.That does sound quite high, finding a good accountant for international tax situations does seem quite difficult. Plenty of people...
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Ppenguin replied to the thread Filling 5472, 1120, FBAR, BOI.My personal thinking on this is different, for something that carries such high penalties for being done incorrectly, I am not sure if...
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Ppenguin replied to the thread Understanding FBAR for U.S. Foreign owned disregarded entity..In lieu of it seeming like no one really knows, how does one go about finding out more information about this specifically. I assume a...
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Ppenguin replied to the thread US LLC - questions forms 5472 and 1120.I am not an accountant, but it's my understanding the 5472 reports transactions between you (as a foreign entity) and the LLC as a US...
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Ppenguin replied to the thread Understanding FBAR for U.S. Foreign owned disregarded entity..It literally says in the text you pasted that a LLC must file an FBAR. My understanding is that an LLC is considered a U.S Person, and...
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Ppenguin posted the thread Understanding FBAR for U.S. Foreign owned disregarded entity. in Tax & Legal.I want to make sure I understand the FBAR rules, as there is one minor point that feels ambiguous/unclear to me. I understand the basic...
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Ppenguin replied to the thread FINCEN and company address problem.Aren't Fincen and IRS part of the literal exact same government department/agency? I can't see how this information won't be...
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Ppenguin replied to the thread Is anything else needed for US LLC with no income, apart from 1120/5472..I am curious if there is any nuance to the "paid for the llc fees with personal funds," I mean, what else would they be? (But yes, they...
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Ppenguin posted the thread Is anything else needed for US LLC with no income, apart from 1120/5472. in Tax & Legal.As a non US resident and non US citizen, I created a US LLC (single member disregarded entity) in 2023 in optimism for running a...
