My accountant claims that they cannot list anyone as an owner on our corporate returns who doesn't have a valid social security number.
Yes. The owner of a C corporation is actually not listed on the 1120 unless they have more than 20% equity. If you see http://www.irs.gov/pub/irs-pdf/f1120sg.pdf this lists schedule G and states "social security # if any". Note, if a distribution or dividend is made, the shareholder should have a TIN (Taxpayer Information Number) and might have to file a US Non-Resident Income Tax Return.
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