Industry focus
Foreign-Owned U.S. Entities
LLCs and Corporations owned by non-U.S. residents, EB-5 investors, and foreign trusts: we specialize in Form 5472, 1040-NR, FIRPTA, and ITIN applications, with full compliance and zero guesswork.
Services we offer in this industry
The services most often used by businesses in this industry. Each one is led by an IRS Enrolled Agent.
New Business Formation
Transforming your vision into a thriving, profitable business venture.
Individual Income Tax Preparation
Expertly navigating tax laws to optimize refunds and minimize liabilities.
ITIN Application
Apply with us for an ITIN, your efficient tax filing identification number.
Advisory Solutions
Adaptable financial guidance for current challenges, seizing future opportunities.
Related industries
Real Estate & Property Management
Investors, landlords, developers, HOAs, property managers, mortgage brokers, title companies, and hard money lenders: we maximize your depreciation, navigate passive loss rules, and structure every deal to keep more money in your pocket.
Technology & SaaS Startups
Software companies, app developers, tech founders, cybersecurity firms, and AI startups: burn rate, equity comp, R&D credits, and multi-state nexus. We speak startup, with investor-ready financials and a tax strategy built to scale with you.
Financial Services & Insurance
Brokers, financial advisors, insurance agents, mortgage lenders, and wealth managers: K-1 reporting, deferred comp, investment income, and licensing cost deductions handled with precision.
Related guides
Form 5472 and the $25,000 Penalty for Foreign-Owned U.S. Corporations
Form 5472: if a foreign shareholder owns 25% or more of a U.S. corporation, the IRS can assess a $25,000 penalty for a missed filing. See what triggers it and how to file on time.
Form 5471 and the $10,000 Penalty for US Owners of Foreign Corporations
US officers, directors, or 10 percent owners of a foreign corporation may owe Form 5471. The penalty is $10,000 per missed filing, plus $10,000 every 30 days after a 90-day notice.
FBAR vs Form 8938: Foreign Account Reporting Thresholds and Penalties
FBAR applies when your foreign accounts together top $10,000; Form 8938 can also apply once foreign financial assets exceed IRS thresholds starting at $50,000. Both can apply at once.
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