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What if I don't file the 5742 form for an inactive LLC?
Hey Kranj99 thank you for your reply! Yeah what you say makes sense and it's good to hear someone went through the same, honestly I was getting seriously paranoid. I wouldn't mind to keep the LLC but I have to renew pretty soon, so perhaps I will just shut it down. I am still not sure if I...- resident101
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- Forum: Tax, Accounting, Licensing & Legal
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What if I don't file the 5742 form for an inactive LLC?
Hi all, long story short, I have an LLC I registered in October 2020. I didn't have any activity what so ever on it. I didn't even open a bank account. My entity is a foreign-owned, I am not a US resident, not a US citizen and I am not ETBUS. The form 5742 is to be filed if your company had...- resident101
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- Replies: 3
- Forum: Tax, Accounting, Licensing & Legal