As explained by the Internal Revenue Service (IRS), form 5472 should be used to provide the information required under Section 6038A and Section 6038C when reportable transactions occur during the relevant tax year of a reporting corporation with a foreign related party or a foreign corporation engaged in a US Trade or Business. Needless to say, the official IRS...
In the United States, citizens and lawful permanent residents are normally required to file an annual income tax return. This return must include any income earned throughout the world. That is to say, even if an American lives in a foreign country, he or she must still report any income earned there to the United States. This can lead...
If you are considering investing in a U.S. business, or if you own a business in the U.S. and plan to have foreign investors, you should learn more about how the taxation of foreign investors in U.S. real estate works. There is tax on foreign property owners and specific laws govern taxation in these circumstances. These laws are very...