Deductions & credits

Thanks Vanessa! Two follow-up questions:

1. Does the IRS consider a foreign company, in this case a Romanian SRL, a pass-through entity for tax purposes? I.e., if I haven't taken out any earnings but the SRL has a profit, is that profit considered income?

2. As owner of the SRL, I assume that I would be responsible for issuing a 1099-MISC to myself, correct?

Thanks again!

-Bob