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BlissInTheBudget_CPA
BlissInTheBudget_CPA
Level 2
January 31, 2021
Question

Does a Foreign-Owned US Delaware LLC (filing Form 1120) pay federal tax? Does the entity need to file (NY) state

  • January 31, 2021
  • 1 reply
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1 reply

sjrcpa
sjrcpa
Level 15
January 31, 2021

Maybe. Where does it operate? What does it do?

The more I know the more I don’t know.
    BlissInTheBudget_CPA
    BlissInTheBudget_CPAAuthor
    Level 2
    February 1, 2021

    It was remote all year, up until December. The company is a digital advertising agency that was formed in Delaware and now has an office in NYC. 

    The first year, 2019, return was blank/no activity, but the accountant filed a Form 1120 for the Foreign owned LLC. 

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