Individual returns are complicated enough, but what about corporations or partnerships with multinational activities? We can assist you in preparing your return for the current year and help you strategically plan and minimize future tax exposure.
We will assist you with your domestic Corporate, LLC, Partnership, or Sole Proprietorship business tax returns. We understand the complexities of filing a corporate return. For those of you with an S-Corporation, we can help you take advantage of this unique corporate structure while preparing your IRS Form 1120S. Part of the service we provide for our IRS Form 1065 – Partnership clients, is to ensure delivery of a comprehensive K-1 package for each partner.
For those of you with holdings in foreign corporations, the IRS has been making a concerted effort recently to ensure that US citizens report their holdings in foreign corporations. These holdings are reported on IRS Form 5471 – Information Return of U.S. Persons With Respect to Certain Foreign Corporations and IRS Form 8858 – Information Return of U.S. Persons With Respect To Foreign Disregarded Entities.
You will need to file IRS Form 5471 if you own or control 10% of the stock in a foreign corporation. An IRS Form 8858 will need to be filed if you have an interest in a foreign partnership.
Contact an INTAXACT CPA today!