International Tax IssuesAnswered

What Korean NTS reporting is required for my U.S. LLC?

SE
soyeon_e2adnew member
January 27, 2020 876 views 1 answer
south koreaNTScomplianceCFC reportingforeign accountsFBAR equivalent

My Korean accountant says I need to file several reports with the NTS about my U.S. LLC beyond just my income tax return. He mentioned foreign financial account reporting, CFC reporting, and something about overseas transfer reporting. Can you list all the Korean compliance requirements? I want a complete checklist so I do not miss anything.

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