Four years in and I’m suddenly confused if I should have filed any additional forms to the US IRS for my TW rep office…
From the instructions:
Who should file?
…U.S. persons that are tax owners of FDEs (see definitions below), operate an FB…
An FDE is an entity that is not created or organized in the United States and that is disregarded as an entity separate from its owner for U.S. income tax purposes under Regulations sections 301.7701-2 and 301.7701-3.
OK fine, the confusing part is whether or not the Rep Office is an entity and to whom is it or is it not an entity.
Obviously the rep office is not a legal entity, but to the US IRS is it a separate tax entity than my LLC?
Can anyone let me know if they went through the pain of this form, or stuffed it all in the schedule C? or none of the above?