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Monthly Archive for: ‘April, 2021’

$25,000 penalty for not reporting LLC with Foreign Owner(s)

What is a Single-Member LLC and what does it mean to be a Disregarded Entity? For US tax purposes, a limited liability company (LLC), that has a single owner (Single Member LLC, or SMLLC) and is not classified as a corporation is generally disregarded as separate from its owner (a Disregarded Entity). That is to say that the economic activities […]

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