Expert Guidance for Complex International Tax Compliance
U.S. tax laws impose stringent reporting requirements on foreign transactions. Whether you’re a U.S. business engaging in cross-border trade, a multinational corporation with foreign subsidiaries, or an investor with international holdings, compliance with IRS foreign transaction reporting is not optional — it’s essential.
We specialize in helping businesses and individuals navigate the complex landscape of IRS foreign transaction reporting. Our deep expertise ensures you meet every filing obligation, avoid costly penalties, and maintain global tax transparency.
Our Foreign Transaction Reporting Services
📄 Form 5471 – Foreign Corporation Ownership
Required for U.S. persons who are officers, directors, or shareholders in certain foreign corporations. We assist in identifying filing thresholds, preparing accurate disclosures, and ensuring compliance with Subpart F income and GILTI provisions.
📄 Form 5472 – Foreign-Owned U.S. Entities
If your U.S. business is 25% or more foreign-owned, or engages in reportable transactions with related foreign parties, Form 5472 is required. We help track reportable transactions, compile documentation, and file in compliance with IRC §6038A.
📄 Form 8865 – Foreign Partnerships
U.S. partners in foreign partnerships must file Form 8865. Our team determines reporting categories, ensures timely filing, and prepares all required financial statements and disclosures.
📄 Form 8938 – Specified Foreign Financial Assets (FATCA)
We help individuals and entities meet FATCA compliance by identifying specified foreign financial assets and preparing Form 8938 accurately and on time, avoiding duplicative reporting and IRS scrutiny.
📄 FBAR (FinCEN Form 114)
Although filed with the Treasury, not the IRS, the FBAR is critical for reporting foreign bank accounts. We assess filing thresholds, gather account data, and ensure secure, timely e-filing to FinCEN.
📄 Form 8858 – Foreign Disregarded Entities
If you own or are required to report on a foreign disregarded entity (FDE), we handle Form 8858 preparation and integration with your U.S. tax filings.
Why IRS Foreign Reporting Compliance Matters
- Avoid Penalties – Non-compliance can result in severe financial penalties — sometimes $10,000 or more per form, per year.
- Reduce Audit Risk – Proper and timely reporting reduces your exposure to audits and investigations.
- Support International Growth – Transparent and compliant operations pave the way for sustainable cross-border expansion.
Who We Serve
- U.S. taxpayers with foreign bank accounts or assets
- Multinational corporations and subsidiaries
- U.S. companies with foreign ownership or investments
- Cross-border partnerships and joint ventures
- U.S. individuals with offshore interests or trusts