Reporting Form 5471 may be confusing, though it is necessary for many who own foreign corporations.
By Bethany Bouw, CPA
Foreign corporations sound innocuous enough but when you delve into the reporting requirements it opens up a Pandora’s box of complex tax issues. There are so many aspects to consider in preparing to report foreign corporations and there has been a lot in the news lately regarding foreign corporations due to the new tax reform. Read more