Hi all.
I had been studying James' videos and other sources for some time, and it was clear to me that in my case, with a multi-member LLC of non-tax paying foreign members, it was not necessary to obtain an ITIN for the K-1, but that the IRS would accept the term FOREIGNUS.
It seems that as of this year, the IRS no longer accepts that term through electronic filing (E-File), and requires an ITIN.
What can I do? The ITIN requirement is something I was not counting on, and would prefer not to have to do.
I have read somewhere that I could do it by Paper, but I am also unclear if it is possible to do the 1065 by Paper, and if FOREIGNUS will be accepted that way.
What advice can you give me?
Many thanks