Does the branch profits tax apply to a foreign-owned U.S. LLC treated as a disregarded entity?
I'm a non-U.S. individual operating a consulting business through a U.S. single-member LLC. I understand the LLC is a disregarded entity for tax purposes. Does the branch profits tax apply to me? I thought it only applied to foreign corporations, but someone told me the IRS could treat my LLC's activities as a U.S. branch of a foreign person. I'm confused about whether I need to worry about this.
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