What every foreign investor in US real estate needs to know

What every foreign investor in US real estate needs to know

IRS Form 5472 is now required for Foreign-owned Limited Liability Companies (LLCs), which include LLCs that own US real estate. The penalty for not filing a form 5472 is $10,000. Worse, the IRS is now looking to assess this penalties aggressively. But still even worse is that this type of structure will also crate an estate tax obligation should the foreign investor pass away. Learn the risks and what to do by watching this video. https://youtu.be/pLbZX2RE0sA IRS Medic