Single member LLC owned by a foreign corp

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  • cchang
    Junior Member
    • Oct 2007
    • 3
    #1

    Single member LLC owned by a foreign corp

    Is anyone know that if a single member LLC owned by a foreign corp can be taxable as a corporation on F.1120 (WITHOUT filing F.8832)?
    Tags: None
    • Bees Knees
      Senior Member
      • May 2005
      • 5456
      #2
      A single member LLC is disregarded as an entity for federal tax purposes, regardless of who owns it. If the LLC wants to file an 1120, it has to elect corporation treatment by filing Form 8832.

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