Hello all,

We have a member who is not a US citizen, and another
wanting to join. Can anyone enlighten me as to the legal
implications of this arrangement?

Thanks,
eliz.

The important issue isn't citizenship, but status. If your
member is a resident alien, s/he is subject to the same tax
reporting rules as citizens. If s/he is a non-resident
alien, you need to check box 6 on sch. b and you may have to
withhold taxes independent of any distributions of cash. See
the instructions for Forms 1065, 8804, 8805 and 8813.

They should be available at
www.irs.gov/pub/irs-pdf/i1065.pdf and
www.irs.gov/pub/irs-pdf/i8804.pdf

Ira Smilovitz
lakshmi investments, llc

Elizabeth Sorbet wrote:
> Hello all,
>
> We have a member who is not a US citizen, and another
> wanting to join. Can anyone enlighten me as to the legal
> implications of this arrangement?
>
> Thanks,
> eliz.