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Showing posts with label Form 5471 - Foreign Corporations. Show all posts
Showing posts with label Form 5471 - Foreign Corporations. Show all posts
April 7, 2018

Foreign Corporation Form 5471 - File it or else

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Form 5471 must be filed by those who own 10 percent or more of a foreign corporation.  It contains information on other US owners, an inc...
December 3, 2013

IRS COLLECTING PENALTIES FOR LATE FILED FORMS 5471- INFORMATION REPORTS ON FOREIGN CORPORATIONS

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Read more in article from Accounting Today. http://www.accountingtoday.com/news/IRS-Gets-Better-Assessing-Penalties-Late-Reporting-Foreign-C...
May 9, 2013

IRS, Australia and United Kingdom Engaged in Cooperative Effort to Combat Offshore Tax Evasion

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The tax administrations from the United States, Australia and the United Kingdom announced today a plan to share tax information involving ...
June 4, 2012

IMPORTANT US INTERNATIONAL TAX FORM DUE DATES

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Form TDF 90-22.1 (FBAR FORM) where you report details of your foreign financial accounts, including bank accounts, stock brokerage acco...
November 7, 2011

US Flow Through Tax Election for Your Foreign Corporation or LLC

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You can make an election if you have a foreign corporation or LLC which may (depending on your individual  business circumstances) to treat...
November 1, 2011

Form 8938 proposed instructions analyzed

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Trusts and Estates Magazine has analyzed the proposed instructions to the 2011 Form 8938 for reporting foreign financial assets.   Read her...
August 27, 2011

Quiet or Silent Disclosure May Not be Best Way to Go With Respect to Foreign Financial Accounts, Foreign corps, trusts, and partnerships

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Forbes Magazine Article Does not recommend that taxpayers try "silent or quiet" disclosure to reveal their offshore bank accounts,...
1 comment:
August 23, 2011

Will Canada Revenue Agency Help the IRS Collect the Penalties for Various Unfiled Foreign Reporting Forms?

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Click here to visit the link to recent article in the Vancouver Sun about Canada Revenue Agency Opinion.  on enforcing IRS penalties for not...
3 comments:
May 29, 2011

US Tax Ramifications of Forming a Foreign Corporation to Do Business Abroad

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There are significant consequences (on your US tax return) when you form a foreign corporation in a country outside of the USA to operate yo...
April 15, 2011

General Electrics Zero Tax Bill Involves Utilization of Legal US Tax Code Provisions Available to Expats with their own Businesses Located Abroad

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The New York Times has an excellent article describing how General Electric has managed to reduce its tax bill by legally locating its busin...
November 25, 2008

FOREIGN CORPORATION FORM 5471 NON-FILING OR LATE FILING

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The IRS recently announced that starting in 2009 they will start imposing the $10,000 penalty onf corporations that file Form 5471 late or n...