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U.S. Income Tax Compliance

U.S. Income Tax Compliance

U.S. Income Tax Compliance

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• FP1 and FP2 are 50/50 partners in LLC, a<br />

Delaware limited liability company treated as a<br />

partnership for U.S. income tax purposes. LLC<br />

operates a production company and all of its<br />

activity takes place outside the U.S.<br />

• Is LLC required to file Form 1065 if either:<br />

– It does not have an office in the U.S. or<br />

– It has an office in the U.S.?<br />

• Are FP1 and FP2 required to file?

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