Hello Everybody, I have a confusion going on in my mind.
As a foriegner we don't have any US tax liability and we just file 1120 & 5472.
If I get an ITIN by sending the w7 and 1040NR to the IRS and next year I have to file the tax return, I still have to file the 1120 & 5472 or the 1040NR and schedule forms too?
Does ITIN snatch this oppurtunity from me to be non-tax liable as a foriegner?