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A LLC single member can make election to tread as S CORP when the owner of the business are nonresident alien ( not USA citizen or greencard hold )? For Estate of Connnecticut

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Steven Meyerson
The LLC cannot elect to be taxed as an S Corporation. It can elect to be taxed as a C Corp. Per IRC Section 1361(b)(1)(C) , an S Corp cannot "have a nonresident alien as a shareholder".
Leave a Comment 68 weeks ago



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