Insights
Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
Dina Kapur Sanna and Carl Merino co-authored an article, "New Filing Requirements for Foreign-Owned Disregarded Entities," for Trusts & Estates Magazine. The article discusses new Treasury regulations requiring domestic disregarded entities with foreign owners to file Form 5472 information returns with the IRS identifying their foreign owners. As the article explains, these new reporting requirements are part of a multinational effort to combat money laundering and increase transparency. Going forward, it will be more difficult for foreign nationals and entities to park cash and other assets in U.S. limited liability companies without triggering a reporting obligation.
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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.