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Foreign Company Reporting (Forms 5471, 8865, 8858)
U.S. owners and officers of foreign corporations, partnerships and branches file information returns every year. We prepare Forms 5471, 8865 and 8858 and the GILTI and Subpart F calculations behind them.
What is included
- Form 5471 for foreign corporations, by filer category
- Form 8865 for foreign partnerships and Form 8858 for foreign branches and disregarded entities
- Translation of Chinese financial statements into U.S. tax schedules
- GILTI, Subpart F and foreign tax credit calculations
- Late-filing relief when prior years were missed
Why it matters
The penalty for a missing or incomplete Form 5471 starts at $10,000 per form per year, even when no tax is owed, and the statute of limitations on the whole return stays open until the form is filed.
Common questions
I own 10% of a company in China. Do I file?
Very likely. Owning 10% or more of a foreign corporation, or being an officer or director when a U.S. person acquires 10%, are among the common filing triggers.
Tell us your situation. We will tell you the fee.
A few short questions, a written quote within one business day, and a free 15-minute consultation if you would rather talk it through first.