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Njdot Cr 347 Form

Njdot Cr 347 Form

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all right for this video I want to go over a sample form 5472 for a foreign owned disregarded LLC and this is going to be for the 2023 tax year so our LLC here is Adam nonresident LLC so it's filing the 5472 uh together with the proor 1120 so the Form 1120 is filed as kind of a cover page and the form 5472 is behind it now in this example uh this is video two following the first one which covers how to prepare the 1040nr so in our fact pattern here we have a disregarded LLC but the entity is engaged in a US Trader business so it has to report the income expenses and pay taxes so the form 1040nr filing here is for the foreign owner I'll put a link to this video in the description below uh so Adam here files the 1040nr he reports all the activity on a schedule C but in addition to doing this he has to also prepare and file the form 5472 and so that's what this video is going to focus on so I've got the form 5472 here with the 1120 we've also got th

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