Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.
A China “JV” may be a corporation, partnership, or disregarded entity for U.S. tax. Foreign partnerships can require Form 8865 (control/10%/contribution/change categories); Cat 1/2 penalties often start at $10k/year. Classify first.
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U.S. persons with China company equity may need Form 5471. CFC and 10% U.S.-shareholder tests are common triggers; §6038 penalties often start at $10k per corp per year. Cary/RTP founder compliance notes.
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Articles are general information, not tax or legal advice for your specific situation.
