Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is the LLC or SCI required to file an annual tax return?

annual file LLC SCI tax return
0
Posted

Is the LLC or SCI required to file an annual tax return?

0

Yes, because the LLC is an American corporate entity with multiple members, it is required to have both a tax identification number and to file a partnership tax return (Form 1065) annually with the IRS. Because the LLC has no income, there should never be any tax liability. If the entity is an SCI, it would correspondingly be required to file tax returns with the French government annually.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123