At CGC International Tax, many of our clients come to us with very specific questions about U.S. international tax reporting. Below are answers to some of the most common questions we receive. These are general guidelines based on common fact patterns. If your situation is more complex, we would be happy to discuss further.
Foreign-Owned U.S. Businesses:
Do I need to file Form 5472 for a foreign-owned U.S. LLC with no activity?
Do foreign-owned U.S. companies need to issue Form 1099?
U.S. Individuals with Foreign Assets:
When do I need to file Form 8865 for a foreign partnership?
What is the difference between Form 8938 and FBAR?
Can I claim the foreign earned income exclusion while working for a U.S. company abroad?
Foreign Corporations and Ownership:
What is a controlled foreign corporation?
What is a passive foreign investment company?
Is a foreign mutual fund a PFIC?