Treaty Investors - TMI Message Board

11-19-2009, 05:14 PM

cfsadvsr

Junior Member

Join Date: Apr 2006

Location: Longwood, Florida

Posts: 17

Treaty Investors

I have a treaty investor client from Romania who has a wife and 2 children here in the US. The husband has a single member LLC, which is a holding company for 2 sole proprietorships. Can the LLC elect to be treated as an SCorp? and how do I file the 2 sole proprietorships and combine them for the LLC? Also, is he able to get #s for his 2 children so he can claim them as dependents? They were told they wouldn't need ss#s for the children by the social security dept. I presume they'll need to file a 1040NR for the personal return.

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