Tax for LLC foreign partners

Discussion in 'Taxes and Accounting' started by yip1997, Sep 20, 2007.

  1. I will receive trading capitals from some foreigners, and I plan to set up a LLC for trading futures and broad-based index options.
    Being a pass-thru entity, profit will be distributed to members according to the operating agreement. Are my foreign partners required to file and/or pay US tax for the trading profit?