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I live overseas and need my CPA to handle IRS matters for my LLC. How does Form 2848 work?
I'm a foreign owner of a U.S. LLC and I live in South Korea. I want to authorize my U.S.-based CPA to communicate with the IRS on my behalf, receive copies of notices, and respond to any correspondence. I've been told I need Form 2848. Can someone walk me through how this works? Specifically, can my CPA sign tax returns for me? And how long does the authorization last?
Related Questions
Can someone explain the 5 categories of filers on Form 5471 in plain English?
I've been reading the Form 5471 instructions and the categories of filers section is incredibly confusing. I own shares in two different foreign companies — 8% in one and 25% in another. Both companies have other U.S. shareholders. How do I figure out which category I fall into for each company? The instructions keep referencing different code sections and the definitions seem circular.
My U.S. partnership has a foreign partner. Do we need to file Form 8804 for withholding?
I run a U.S. LLC taxed as a partnership with two partners — myself (a U.S. citizen) and a partner who lives in Germany and is not a U.S. person. The partnership earned about $200,000 in effectively connected income last year. My accountant says we need to withhold tax on the German partner's share and file Form 8804. How does this work exactly? The German partner's share was about $100,000 but we didn't distribute all of it.
I received a Form 8805 from a U.S. partnership. How do I use it on my 1040-NR?
I'm a non-resident alien living in Japan and I'm a 30% partner in a U.S. LLC taxed as a partnership. The partnership sent me Form 8805 showing they withheld about $22,000 in tax on my share of partnership income. I'm preparing my Form 1040-NR now. How do I claim credit for this withholding? And is it possible the withholding was too high — can I get a refund?
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