I am trying to find information on the following situation (which I have an opportunity to be in):
Three people, two non-US tax liable and one US expat, form an LLC in the UK for a microbusiness (seriously, I don't think this will affect FEIE or Fbar or anything with a hard number limit) which will only trade in the UK.
So, I know it won't be a PLC, and hence not a corporation for the purpose of US fed taxes (thanks form 8832). I think 8865 might still be required, except that I can't work out which type of filer I would be, since it won't be US controlled? It can't be a disregarded entity because it's not a sole tradership, but there doesn't seem to be a category for more than 10%, not not US-controlled.
What am I missing?
Having been a good citizen and reported for the last 10 years as an expatriate, I'd like to stay that way, but I am starting to think that it simply isn't possible to do it and be compliant with US Tax Law!
Many thanks!
I didn't find the right solution from the internet. References
