I Own Part Of A Business In A Foreign Country But Do Not Receive Any Income Or Profit Distributions Am I Supposed To Report That Activity?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
![User Photo](/user_uploads/photos/crop_12273282.jpg)
William Rogers, CFP, MBA, EA
U.S. persons who acquires more than 10% of the stock of a foreign corporation is required to File Form 5471. Also, a U.S. person who owns more than 10% of a foreign partnership must file Form 8865.
Leave a Comment
319 weeks ago