Hi there. My client married a woman from the Czech Republic and she is now a US tax resident. In her native country, she has an LLC. I have the 2022 LLC tax return in Czech, which shows only a minor loss. My question pertains to the 2022 tax reporting on the US return. I would like to confirm whether she needs to file Forms 5471 and 926. The IRS considers foreign LLCs as corporations, hence the requirements. If she wants to keep that LLC in her native country, I can file form 8832 and classify it as disregarded. Going forward she will be filing a regular schedule C.
Thank you. Just wanted to make sure I didn't miss anything.