Bright!Tax US Expat Tax Blog

Form 5472: IRS Reporting Requirements for Foreign-Owned U.S. Businesses

expat filing form 5472

If your U.S. business has foreign ownership, the Internal Revenue Service (IRS) isn’t just curious—it requires you to spill the details on Form 5472. Think of it as the agency’s way of making sure international businesses aren’t skirting U.S. tax laws. This form is mandatory for foreign-owned U.S. corporations and disregarded entities that engage in reportable transactions with a foreign related party—a broad category that includes everything […]

Citizenship Based Taxation – What US Expats Need to Know

expats citizenship based taxation

Expats are America’s global front-line ambassadors. Everyday, their actions and attitudes help shape others’ perceptions of the US and Americans. They are also the 21st century pioneers, forging opportunities and lives away from our shores and in the wider world. However far from the US they venture though, they remain in the strange situation of […]