Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I am registering a US subsidiary(single member LLC) for a…

Customer Question
I am registering a...

I am registering a US subsidiary(single member LLC) for a foreign company. The responsible Entity is a US citizen, however, I am unsure hw to complete section 9a of form SS-4. At this point I am just applying to , so as I understand it have to state 'other' and put in disregarded entity.

Accountant's Assistant: The Accountant will know how to help. Is there anything else the Accountant should be aware of?

Will I also have to complete form 5472 and 1120?

Submitted: 7 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 18 minutes by:
12/8/2017
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,643
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
Verified

Welcome to JustAnswer!

My name is ***** ***** I will be able to assist you.

For line 9A given your scenario, you would be correct to select "other" disregarded entity. The instructions state in part "Disregarded entities include single-member limited liability companies (LLCs) "

___

You would have to complete form 5472 if the portion owned by the foreign company is 25% or more of the subsidiary that you are creating.

____

Form 1120 is to be filed by domestic corporations to report income, gains, losses, deductions and credits. - You do not need to complete this form at this time.

Please let me know if you have any follow up questions.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I have this 2 clients they own an LLC in Florida %50 and
I have this 2 clients they own an LLC in Florida %50 and %50. The LLC has been elect to be treated as a C-Corp. Both clients are foreigns from Brazil. What will be all the forms we need to file for hi… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
2,643 satisfied customers
This year LLC with sole members owned by %25 or more by a
This year LLC with sole members owned by %25 or more by a foreign must file form 5472. Question: If a client has a Delaware LLC that doesnt even contains an EIN are we obligated to file for the EIN an… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I want to open a single member LLC registered in Delaware. I
I want to open a single member LLC registered in Delaware. I work and live in South America. I am a non-US non-resident alien (foreigner). The purpose of the foreign owned LLC is to order raw material… read more
taxmanrog
taxmanrog
Master\u0027s Degree
996 satisfied customers
LLC entity is formed in USA (State of NJ) and the only
LLC entity is formed in USA (State of NJ) and the only Member that is listed on Certificate of Formation is a foreign Corporation (in Latvia). How this USA based LLC should file its year end taxes? It… read more
Carter McBride
Carter McBride
LLM
1,192 satisfied customers
Single member LLC owned by a Multi-Member LLC. How to report
Single member LLC owned by a Multi-Member LLC. How to report the single member LLC income?… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
I have a question about IRS Form 5472: Information Return of
Hello, I have a question about IRS Form 5472: Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.Do foreign LLCs (which are deemed … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Good Am! new Question? our single-member LLC is owned by our
Good Am ! new Question? our single-member LLC is owned by our Cayman corporation whom filled Form 8832 for IRS tax purposes as a partnership, the LLC is a Wyoming single-member LLC and should be refle… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,465 satisfied customers
I have exactly the same question I am non US resident,
Hey, I have exactly the same question I am non US resident, owning LLC(disregarded entity) and while entering some contracts I was asked to sign W9, as US person, my LLC incorporated in Delaware fits … read more
Tax.appeal.168
Tax.appeal.168
Principal
13 satisfied customers
We are a foreign corporation (“A”) electing to be treated as
we are a foreign corporation (“A”) electing to be treated as a partner ship on IRS Form 8832, Part 1 Election information, #6 Type of entity, Checking box e, 'a foreign eligible entity electing to be … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I have 2 US LLCs, both IRS disregarded entities. One is
I have 2 US LLCs, both IRS disregarded entities. One is owned by myself only, resident in Cyprus (Europe). The other one is held by a Cyprus company. Both are in Florida and they own, rent, sell real … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
Second opinion] I'm a foreigner, I am interest in setting up
Second opinion] I'm a foreigner, I am interest in setting up a Delaware company as a holding companyI would like to know about the taxation and if the information of the member and manager will be rev… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
All! So here's the deal; I'm in the process of closing on
Hi all! So here's the deal; I'm in the process of closing on a home. I am purchasing it through my TN registered LLC, which is a disregarded entity. I am not a US citizen or resident, but the LLC is T… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
I have recently set up a single-member Nevada LLC;
I have recently set up a single-member Nevada LLC; disregarded entity for tax purposes. I am not an American citizen nor do I reside in the US. I reside in Poland and my business is operated from here… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I need help filling out form 8802 single member LLC---a
Customer: I need help filling out form 8802 for a single member LLC---a disregarded entity, DRE … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I am a Mexican citizen, living in Mexico, and owner the
I am a Mexican citizen, living in Mexico, and owner the Delaware corporation below: Entity kind: Limited Liability Company Entity Type: General Residency: Domestic I have an EIN number assigned by the… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
I have a business in India COMPANY "A". I wish to setup a LLC
I have a business in India COMPANY "A". I wish to setup a LLC in Texas. The LLC would be owned by the COMPANY "A". FYI I am a indian National and a non USA citizen. Is this possible that I can setup a… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
What is Disregarded Entity ? Is it a legal status or tax status
What is Disregarded Entity ? Is it a legal status or tax status given ? What is its actual meaning and who can be a disregarded entity ? I can easily understand if you can explain with an example like… read more
ezcpa
ezcpa
Certified Public Accountant
Bachelor\u0027s Degree
75 satisfied customers
I have an S-corp and an LLC in Arizona. The LLC was set up
I have an S-corp and an LLC in Arizona. The LLC was set up as 100% owned by the s-corp. Each entity has a separate EIN. My understanding was that I could file 1 tax return (1120-S)to report the income… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master\u0027s Degree
2,290 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x