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Does a Foreign-Owned US Delaware LLC (filing Form 1120) pay federal tax? Does the entity need to file (NY) state

Simplifying Finances for Small Businesses
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Maybe. Where does it operate? What does it do?


It was remote all year, up until December. The company is a digital advertising agency that was formed in Delaware and now has an office in NYC. 

The first year, 2019, return was blank/no activity, but the accountant filed a Form 1120 for the Foreign owned LLC. 

Simplifying Finances for Small Businesses
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