Posts Tagged ‘Foreign Investments’
TOP 5 THINGS US CITIZENS HOLDING FOREIGN COMPANIES NEED TO BE AWARE OF
1. Foreign entity reporting Depending on the type of entity (trust, partnership, corporation, LLC) and the ownership percentage of the U.S. individual, an information filing may be required. For example, Form 5471 must be filed by an individual who owns a certain percentage of stock in a foreign corporation. At times, just being an officer or…
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