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Get your taxes done using TurboTax
@QWJLEGEND so you , NRA , own an US entity which has earned interest income and you want to report this . Do you have a Tax id for yourself ( an ITIN or SSN ). If not then the disregarded entity cannot be treated as a dis-regarded entity and must file and pay its taxes as C-Corp on form 1120. This is because while the entity is a US person you are not and therefore only option left to it is to either file as a C-corp when (single owner ) or as a partnership ( with multiple owners ).
Do you have any business income or just this bank earnings ? Is this an on-line endeavor or physical brick and mortar storefront ?
Anything else you can tell me would help -- please
‎January 19, 2023
8:19 PM