IRS Form 5471
Foreign Corporation Reporting
$500
Comprehensive filing for U.S. shareholders of foreign corporations
- IRS Form 5471 (all relevant categories)
- GILTI (Global Intangible Low-Taxed Income) inclusion and calculation
- Subpart F income analysis and reporting
- Section 250 deduction (when applicable)
- Section 962 election evaluation and filing (if beneficial)
- Coordination with your personal tax return
Who is this for?
U.S. expats with ownership in foreign corporations
This service is designed for:
- U.S. citizens or residents who own 10% or more of a foreign corporation
- Individuals who are officers or directors in a foreign corporation with U.S. shareholders
- Anyone subject to GILTI or Subpart F inclusion
- U.S. persons looking to make a Section 962 election
- Taxpayers needing to file Form 5471 as part of their 1040 or corporate return
If you’ve started a business abroad, invested in a foreign company, or inherited shares in one, you may have a 5471 filing requirement — even if the company doesn’t generate profit. Noncompliance can result in penalties starting at $10,000 per year, per form, so it’s critical to file it correctly.
Our service is built to support American expats in complex cross-border situations. Whether you’re self-employed abroad or managing multiple foreign subsidiaries, we’ll handle the heavy lifting so you can stay focused on your life overseas — without tax stress.
Why 1040 Abroad?
Trust the experts
Transparent flat rates
You know exactly what you pay for before we get started. There are no hidden fees or any other surprises on the final bill
20+ years of shared experience
Our experience allows us to handle even the most complex tax situations with accurate and reliable solutions
Security and data encryption
Privacy is the key for us. We use the highest level of encryption that’s on the level as big financial institutions.
Up to date knowledge
In order to give you the best care we can. Our experts obtain contiguous education every year to stay up to date.
Frequently asked questions
I don’t take money out of the company — do I still need to file?
Yes. Form 5471 is about ownership, not distributions. Even if you don’t take a salary or dividends, filing is still required if you meet the ownership or control thresholds.
Can you help me determine if I need to file Form 5471?
Absolutely. If you’re unsure whether your foreign business interests trigger a filing requirement, we’ll assess your situation and confirm whether Form 5471 applies to you.
Can Form 5471 be filed electronically?
Yes, but only as part of your full tax return. It cannot be filed separately. We’ll ensure it’s properly attached and submitted with your full return.
What documents do I need to provide?
You’ll need to share the company’s financial statements, ownership structure, list of shareholders, and details on income, expenses, and retained earnings. We’ll provide a clear checklist once we begin.
I own multiple foreign corporations — is that included?
Our base fee covers one entity. Additional foreign corporations will incur an extra fee per Form 5471, as each one requires a separate and complex filing.
