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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16547
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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Im looking for guidance filing a form 8821 on behalf of a

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I'm looking for guidance filing a form 8821 on behalf of a Disregarded Entity - LLC (DE-LLC).

The form asks for information on the DE-LLC's "parent, parent organization, or owner." Note the singular.

What if the DE-LLC has multiple owners?

Does information need to be provided for each owner? (and if so, where?)

Or is it enough to provide information on a single US owner or on the majority owner?
Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

Thank you for your question. A disregarded entity LLC has an ultimate tax liability that lies with a single individual, so you will need to do some digging through how your LLC is set up. If you file a partnership return with the LLC, then it's not a disregarded entity.

Basically a multi-member disregarded entity LLC has either a grantor trust or another holding company LLC that is the primary owner of the return, and thus who is responsible for the entity's tax reporting. You would need to provide the information for either the grantor trust or the Holding Company LLC.

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