LLC TAX (A professor of the subject, please help)
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Level 2

LLC TAX (A professor of the subject, please help)

Hello,

 

In 2019, I started a company from Turkey in Delaware, USA

My Ein form says "Form 1065 - 03/15/2020".

No profit in 2019.

In SS4 form, the company is marked "partnership", although it is the sole owner. It's marked wrong. I don't have a partner in my company, I never have, I'm just a single member.

I don't have ITIN, just my EIN number.

There are those who say you need to file a tax return, there are those who say you don't need to. He says different people should fill out the following forms. Please tell me exactly and accurately which forms to fill out. Do I need to make a tax statement?

 

Forms;

  • Form 1040NR,
  • Form 8832,
  • W7,
  • Schedule c or schedule e,
  • Form 5472,
  • Form 1120,
  • Form 1065,
  • Form 1120,
  • Form 5472

Regards.

3 Replies
Anonymous
Not applicable

LLC TAX (A professor of the subject, please help)

 
Anonymous
Not applicable

LLC TAX (A professor of the subject, please help)

here's what the IRS says

Domestic Partnerships
Except as provided below, every domestic
partnership must file Form 1065, unless it
neither receives income nor incurs any
expenditures treated as deductions or
credits for federal income tax purpose

 

however, there is the possibility that sooner or later the IRS will send you a notice asking why you haven't filed. you then can write back there was no partnership.  to stop this from happening downloading a 1065 form from the IRS website only fill out name and address and mark initial and final.  Thus the IRS will know that it should not be looking for a return in the future. 

 

now the bad news  that SSN has been assigned to a entity the the IRS believes is a partnership so you can not use it in your sole proprietorship.   you must apply for a new one.  using the old number may put the IRS on notice to look for a 1065 and you will have issues if you use it on your 1040

Level 2

LLC TAX (A professor of the subject, please help)

Thanks.

 

Like I said, there was no profit.

 

From what you're saying, I don't need any of those forms, do I? Don't I have a form to fill out because I'm a foreign owner? Only 1065 and 1040?

 

Regards.

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