A dormant foreign corporation is a type of company which exhibits very minimal operations during a given tax year. This type of dormant company also has minimal foreign assets, activity and no distributions to the US shareholders. Having this classification of a dormant foreign corporation comes with it a very limited informational tax filing ifRead More
IRS form 5471 is a form used for US persons to disclose their ownership in a foreign corporation.
We created these resources to help you file this tax form and what category you may fall under.