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U.S. Companies with Overseas Subsidiaries
U.S. companies and owners with subsidiaries in China, Hong Kong or elsewhere: Forms 5471 and 8858, GILTI and Subpart F income, and foreign tax credits.
What is included
- Forms 5471, 8858 and 8865 for the foreign entities
- GILTI, Subpart F and Section 250 deduction calculations
- Foreign tax credits at the corporate level
- Check-the-box elections (Form 8832) when they help
- Repatriation and dividend planning
Income you did not receive can be taxable
Under GILTI and Subpart F, a U.S. shareholder can owe U.S. tax on a foreign subsidiary’s profits before any dividend is paid. Structure and elections make a large difference.
Common questions
Is it different for an individual owner?
Yes — individuals face GILTI without some corporate benefits, and elections such as Section 962 may help. We compare the options.
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.