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Form 5471 for foreign corporations / companies – Who Must File?
Автор: CPA Cafe
Загружено: 2025-05-02
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Form 5471 – Who Must File?
Own 10% or more of a foreign corporation? You may need to file Form 5471.
It applies to U.S. persons who are officers, directors, or shareholders in certain foreign corps — even if there’s no income.
There are various filer categories, each with specific thresholds and schedules.
Failure to file can result in $10,000 penalties per form, per year.
If you’re unsure — don’t guess. Talk to your CPA before you miss this critical disclosure. #cpacafe #taxtips #5471 #cfc #foreign #internationaltax
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