This video covers IRS Form 1065 reporting for a foreignowned multimember LLC that is not liable for taxes. Every domestic partnership (including a US LLC) must file a Form 1065 tax return every year, but that doesn't necessarily mean the entity or the partners are subject to taxes.

For Part 1 of this series, view the video below:
   • Foreign Owned MultiMember LLC  Pay ...  

For updates to this reporting for 2022 tax returns which include Schedules K2 & K3, see the following tutorials:

Tutorial 1: U.S. Partnership LLC with Foreign DRE & No ECI
1. Intro & Fact Pattern:    • Schedule K2 & K3 with Foreign Disre...  
2. Form 1065 Pages 1 to 5:    • Schedule K2 & K3 with Foreign Disre...  
3. Schedule K2:    • Schedule K2 & K3 with Foreign Disre...  
4. Schedule K3:    • Schedule K2 & K3 with Foreign Disre...  

Tutorial 2: U.S. Partnership LLC with Foreign DRE and U.S. ECI
1. Intro & Fact Pattern:    • Schedule K2 & K3 with US LLC, Forei...  
2. Form 1065 Pages 1 to 5:    • Schedule K2 & K3 with US LLC, Forei...  
3. Schedule K2:    • Schedule K2 & K3 with US LLC, Forei...  
4. Schedule K3:    • Schedule K2 & K3 with US LLC, Forei...  

Tutorial 3: U.S. Investment Fund LP with U.S. FDAP Income
1. Intro & Fact Pattern:    • Schedule K2 and K3 Investment Partn...  
2. Form 1065 Pages 1 to 5:    • Schedule K2 and K3 Investment Partn...  
3. Schedule K2:    • Schedule K2 and K3 Investment Partn...  
4. Schedule K3:    • Schedule K2 and K3 Investment Partn...  

For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/

DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Selfhelp services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorneyclient or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

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