What is IRC 6038C and how is it different from IRC 6038A for my foreign corporation doing business in the U.S.?
I'm a Chinese citizen and I have a foreign corporation (registered in Hong Kong) that operates a U.S. branch. My accountant says I need to comply with IRC 6038C for information reporting. I already know about IRC 6038A from my other U.S. LLC. How is 6038C different? What additional reporting does my foreign corporation have to do?
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