Let us take care of your 5471 filing even as you continue doing business overseas
As a US person do you own business overseas?
Then you must file 5471.
Form 5471 also known as – Information Return of US Persons with Respect to Certain Foreign Corporations – is an informative tax return that is mandated to be filed by US persons or citizens. All US persons or citizens who have a business or own some stake in a company that is based overseas are required by US law to file form 5471.
The US taxation is citizen-based and that mandates all citizens to declare their global income and business interests, and file taxes accordingly.
At GuruTaxPro, we have the experience to help 5471 regardless of the business you are in and the overseas location you are at. Let us handle all your 5471 requirements while you give the best of your time and efforts to your overseas business.
GuruTaxPro can help the following types of overseas businesses file their form 5471 –
A US person who is owner of a Specified Foreign Corporation (SFC).
A director or officer of a foreign corporation in which a US person owns more than 10% or more of the foreign corporation’s stock
A person awarded US citizenship or residency permit while owing 10% or more of a foreign corporation’s stock.
A US person who had control of a foreign corporation for at least 30 days.
A US person who owns the stock of a foreign corporation that is a Controlled Foreign Corporation (CFC) for an uninterrupted period of a minimum of 30 days and who owned that stock on the last day of the tax year