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?
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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.
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308 weeks ago