Comment on Ask HN: I am a US Citizen and I own a Canadian Corp and a US LLC ..Tax advice?parentComments−jeffblakeOP12yI did stumble across that form 5471 while googling. Ouch. I will PM you, thank you for your advice.−philiphodgen12yAnother fun fact: from the Canadian tax perspective, a U.S. LLC is taxed as a corporation. If you had your LLC while you were living in Canada you'll need to see what Canadian exposure you have for that.
Comments
I did stumble across that form 5471 while googling. Ouch. I will PM you, thank you for your advice.
Another fun fact: from the Canadian tax perspective, a U.S. LLC is taxed as a corporation. If you had your LLC while you were living in Canada you'll need to see what Canadian exposure you have for that.