With Great Power (Control) Comes Great Responsibility – Form 5471 Category 4 Filer

Volume 7 No 6    /    Read Article

By Galia Antebi and Neha Rastogi

Like Spiderman, it is imperative that controlling shareholders of foreign corporations must recognize that if they have the power to control a foreign corporation, they face a greater responsibility when filing Form 5471, the reporting form for ≥10% shareholders. Neha Rastogi and Galia Antebi take a deep dive into the reporting obligations of a Category 4 Filer. Must read for those U.S. persons that reside outside the U.S. and operate through owner managed businesses.   See more →