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Entries tagged “section 6038 of the internal revenue code”

Client Alert: U.S. Treasury Regulation Changes Could Impact Foreign Owned Single Member LLCs.

insights Client Alert: U.S. Treasury Regulation Changes Could Impact Foreign Owned Single Member LLCs. Melinda Fellner · May 23, 2017

Changes to US Treasury Regulations Under Section 6038 of the Internal Revenue Code could affect filings for single member LLCs owned by non-US persons. Many non-resident individuals and non-resident entities maintain title to real estate and other assets in single member limited liability companies incorporated under state law in the United States, for a variety…

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