Tax Filing Peace of Mind for US Companies with Foreign Interests

Business knows no boundaries these days in our Global economy as many US Companies and persons have assets and business interests abroad.  One thing that is not so exciting about holding these foreign assets are the IRS implications and reporting. In addition to the tax return filing, these forms  and requirements have become substantially more complex in the last few decades with the advent of the Department of Homeland Security, and require additional compliance and attention to detail to prevent penalties.

That’s why we created our Foreign Subsidiary Package, to make sure US companies with foreign assets, interests or transactions do not have to navigate all of the additional forms - Form 5471, Form 926 for transfers of tangible or intangible property to a foreign corporation, Form 8992 for GILTI (global intangible low-taxed income), Form 8938 or FBAR (FinCEN Form 114 filed directly with the Financial Crimes Enforcement Network) - ALL INCLUDED with the tax return. We make sure you will be fully compliant with the IRS, in one discounted bundle – with savings of up to $700!

Worry-Free Discounted Bundle

Included in this package is everything you need to meet all the IRS requirements, so there are no surprises when it’s time to file. You get a $3698 value for one flat-rate price.

WHAT’S INCLUDED

• Federal Tax Return with Form 5471 & State income tax return ($999 value)
• Form 5471 ($1150 value)
• Form 926 for transfers of tangible or intangible property to a foreign corporation ($500 value)
• Form 8992 for GILTI (global intangible low-taxed income) ($250 value)
• Form 8938 or FBAR (FinCEN Form 114 filed directly with the Financial Crimes Enforcement Network) ($300 value)
• BE-12 Foreign Investment Survey filing ($499 value, available up until June 30th, 2023)

Please note that Form 5471 is extremely time intensive to prepare, and returns can be over 75 pages. Thus, the turnaround time is a minimum of six weeks from submission of documents until completion. Typically, we do not start the extensive preparation on these returns between January up until after the April tax deadline.

If you need your return faster for a particular reason, please reach out to our Customer Success Accountant team for assistance at hello@cleer.tax.

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