Tag: Disregarded Entities

What’s New: Foreign-owned single-member LLCs now must file Form 5472

  I know. Talking about an IRS form is just about guaranteed to generate snores or, worse, inspire visitors to click away. But mention the $10,000 penalty imposed for failure to file this two-page form, and I think that might be enough to get readers’ attention. There are new rules governing who must file this…