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CalAttorney2, Attorney
Category: Business Law
Satisfied Customers: 10221
Experience:  I am a businesses law attorney, with experience advising and representing owners and investors.
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Does a foreign corporation that has all of its income and expenses

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Does a foreign corporation that has all of its income and expenses outside the United States but is owned by a US citizen have to file a tax return with the IRS

Attorney William B. :

Dear Customer, the foreign corporation does not have to file taxes within the US (under the circumstances you describe, i.e. no income, expenses, or assets in the U.S.). The corporate shareholders would have to report any gain or loss on their shares depending on how the corporation is structured (this is different from the corporate profit).

Attorney William B. :

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