Introduction The introduction of Global Intangible Low-Taxed Income (GILTI) under the Tax Cuts and Jobs Act of 2017 has marked a significant shift in how the U.S. government taxes...
Are You a U.S. Shareholder of a Foreign Corporation? It’s time to turn your attention to Schedule R. This form is your key to reporting distributions from foreign corporations,...
Introduction For U.S. shareholders of foreign corporations, understanding and complying with the IRS’s requirements can be a complex endeavor. Schedule E of Form 5471 is a critical component of...
Demystifying IRS Form 5471: A Lifeline for US Expats In an era where boundaries blur and distances shrink, American expats find themselves navigating the murky waters of tax compliance...
Are you a U.S. resident living abroad, grappling with the complexities of IRS Form 5471? You’re not alone! As a U.S. shareholder of a foreign corporation, this form is...