Form 5472 – Everything You Need To Know (Part II)

Last week’s blog post covered some basics about Form 5472, including how the Form helps the US Internal Revenue Service (IRS) learn about foreign-owned businesses in the US […]

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Form 5472 – Everything You Need To Know (Part I)

Close up of hands filling in a tax form

This tax filing season brought a wave of questions about Form 5472.  Interest in this complex form was renewed because of recent Treasury Regulations requiring that it be […]

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Disregarded Entity – Ownership of Foreign Real Property

Part I of this blog post discussed the general concept of what is called a “disregarded entity”. It also examined how the “disregarded entity” is used (and misused) […]

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More Guidance from IRS: Final Regs and Specified Foreign Financial Assets / Form 8938

Further guidance was just provided by the IRS in the form of finalized Treasury Regulations for those individuals who are required to report interests in so-called “specified foreign […]

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