The following questions may have been asked before in a similar way, but have never been answered finally.
Foreign (non-US) owners of a US LLC (disregarded entity) are forced by US authorities to file the forms 5472 and 1120 every year.
But what if the owner is a perpetual traveler, who does not have a tax residency and consequentially does not have a tax number (FTIN)?
(1) Form 5472, fields 4a and 8a ask for the address of the shareholder and related party. The correct answer would be "none".
(2) Form 5472, fields 1n, 4e, 8g ask for the countries under whose laws the direct 25% foreign shareholder and related party files an income tax return as a resident. The correct answer would be "none".
(3) Form 5472, fields 4b, 8b ask for a foreign taxpayer identification number (FTIN). The correct answer would be "none".
As we know, authorities don't think logically. Would they accept the correct answers?
Is there any perpetual traveler in the same situation, who can tell of its own experience? What did you put into the fields and what was the response?
Thank you!
Foreign (non-US) owners of a US LLC (disregarded entity) are forced by US authorities to file the forms 5472 and 1120 every year.
But what if the owner is a perpetual traveler, who does not have a tax residency and consequentially does not have a tax number (FTIN)?
(1) Form 5472, fields 4a and 8a ask for the address of the shareholder and related party. The correct answer would be "none".
(2) Form 5472, fields 1n, 4e, 8g ask for the countries under whose laws the direct 25% foreign shareholder and related party files an income tax return as a resident. The correct answer would be "none".
(3) Form 5472, fields 4b, 8b ask for a foreign taxpayer identification number (FTIN). The correct answer would be "none".
As we know, authorities don't think logically. Would they accept the correct answers?
Is there any perpetual traveler in the same situation, who can tell of its own experience? What did you put into the fields and what was the response?
Thank you!
