US Citizens With Foreign Assets

Navigating the world of international tax requirements and finance can be a complex and intimidating task, especially when trying to understand the requirements and compliance issues related to the Foreign Bank Account Report (FBAR), which is also known as FinCEN Form 114. The goal of this article is to provide a general but detailed outline […]

Form 5471 If you are a US person (individual, corporation, partnership, S-corporation, trust, tax-exempt entity) who owns an interest in a foreign corporation, you may have a form 5471 filing obligation. Form 5471 is a form that is reported on your US income tax return (1040, 1120, 1065, 1120-S, 1041, 990, 990-T) when you meet