Required Reporting of Foreign Financial Accounts
By Stephen J. Dunn |
U.S. persons are required to report to the United States government concerning foreign financial accounts. A “U.S. person” is a ...
Read More Shareholders in Closely-Held Foreign Corporations: Beware Form 5471
By Stephen J. Dunn |
A U.S. taxpayer whose interest in a closely-held foreign corporation meets a specified threshold must file Form 5471, Information Return ...
Read More Mysterious Form 926
By Stephen J. Dunn |
The United States taxes its citizens and residents on their worldwide income. The Internal Revenue Service requires the filing of ...
Read More Forms 3520 and 3520-A and the Grantor Trust Rules
By Stephen J. Dunn |
The United States taxes its citizens and residents on their worldwide income. To ascertain U.S. taxpayers’ foreign income, the Internal ...
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