International Tax Lawyers Des Moines | Special Treatment of Foreign Owners of a US Corporation

/in /by

There’s also a belief that a Foreign Client who owns a US Corporation is in the same position as a US Client who owns a Domestic Corporation, which is also false.

I think everyone probably knows here that an S Corporation cannot be owned by a foreign person.

There’s also such an interesting form called a Form 5472, just to give you an example, which requires the Domestic Corporation to report certain transactions between the corporation and the 25% or more foreign owner(s) of that corporation and there’s a $10,000 penalty associated with the form for not filing it and which can go up to $50,000.

Summary
International Tax Lawyers Des Moines | Special Treatment of Foreign Owners of a US Corporation
Article Name
International Tax Lawyers Des Moines | Special Treatment of Foreign Owners of a US Corporation
Description
Mr. Sherayzen's seminar at the Minnesota State Bar Association on February 23, 2017. During the seminar, Mr. Sherayzen talks about the special treatment of foreign owners of a US corporation.
Author
Publisher Name
Sherayzen Law Office, Ltd.
Publisher Logo