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Does a foreign member of an US LLC, which receive all of its income from foreign sources, needs to report its income in the US?

is the US LLC has reporting obligation in the US since all of its income from foreign sources? also what about the foreign members who receive K-1 from the LLC? do they need to report in the US?
Limited Liability Corporation (LLC)
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John Stancil
Since it is a US LLC, it must report its income in the US. That income is considered effectively connected US income and is subject to income tax. Most likely, the LLC will be required to withhold tax from the foreign members.
Leave a Comment 259 weeks ago

 

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