file an informational Partnership Return (Form 1065) issue K-1s to each LLC Member and each Member is responsible for filing a U.S. income tax return If the Foreign-owned Multi-Member LLC has no income (and no expenses, deductions, or credits it would like to claim), then there is no...
Note that these issues also impact multi-member LLCs whose owners perform services for theLLC. However, because a multi-memberLLCby default is taxed as a partnership, it already has to file a tax return for theLLC(Form1065) and issue Form K‑1to its owners....