How to Get an EIN for a Non-US Company – IRS Form SS-4
The IRS Form SS-4 is an EIN application form used by U.S. and non-U.S. companies. In this example, we look at a Form SS-4 application for a foreign company.
How to Prepare IRS Form 5471 for Controlled Foreign Corporations (CFC)
The IRS Form 5471 is generally filed by U.S. persons that have an ownership interest or relationship with a controlled foreign corporation (CFC). This Form 5471 tutorial covers all of the required schedules for a newly formed CFC that is wholly owned by U.S. persons.
What is a “Per Se” Corporation?
A "per se" corporation is a corporate entity that cannot change its tax classification. Domestic and foreign eligible entities are generally able to file Form 8832 entity classification election.
IRS Form 5472 Cost Sharing Arrangements
Form 5472 is filed by a U.S. corporation when its has foreign ownership or transactions with foreign related parties. Any cost sharing arrangements between the U.S. corporation and foreign party must be disclosed on the Form 5472.
IRS Form 8621 Mark-to-Market (MTM) Election for a PFIC
U.S. investors in passive foreign investment companies (PFIC) have to disclose their ownership on Form 8621 and include it with their tax return. U.S. investors may be able to make an MTM election for readily traded PFIC shares.
Taxation of LLCs – Difference Between US and Foreign LLC
The LLC is a popular choice of entity inside and outside of the U.S. However, the tax treatment and default rules are not always the same with U.S. and foreign LLCs.
Schedule N on Form 1120 – Disclosure of Foreign Operations of US Corporations
The Form 1120 corporate income tax return may require a Schedule N if the corporation has any non-U.S. operations.
Does a Foreign Corporation Need a US Tax ID Number?
In general, non-U.S. entities do not need to have a U.S. taxpayer identification number. In some cases, a foreign corporation may be required to obtain a U.S. tax ID if it must file an income tax return with the IRS.
US Taxation of Foreign vs Domestic Corporations
U.S. federal tax rules apply differently between U.S. and foreign corporations. This article summarizes those key differences and how each is taxed.
I Have a CFC – Do I File IRS Form 5471 Every Year?
The Form 5471 is generally filed by U.S. shareholders of a controlled foreign corporation. The Form 5471 is also filed by U.S. directors and officers of certain foreign corporations.