Don’t Form an LLC (4 Reasons You Should NOT form an LLC)
That old-school lawyer in the pinstripe suit will tell you the same thing every time: “Before you do anything else, you need to form an LLC.” But here’s what they…
Tag: Form
Form 8805: Complete Guide for Foreign Partners in US Partnerships: Filing, Withholding & Deadlines
If your partnership includes foreign investors, Form 8805 is the proof of tax withheld on each partner’s share of U.S. business income, effectively connected taxable income (ECTI). Your foreign partners…
Form 8804: A Complete Guide for Foreign Partnerships With US Income
When a U.S. partnership involves foreign partners, Form 8804 plays a crucial role in ensuring that foreign partners meet their U.S. tax obligations and reporting compliance. Miss it, or skip…