Assistance in filing Form 5471

Preparation of Form 5471 is one of the most complicated and formidable challenges faced by tax preparers. Form 5471 is applicable to U.S. citizens and residents who are officers, directors, or shareholders in foreign corporations to report the activity of the foreign corporation. The form is filed along with the income tax return of the shareholder. For most corporations, the due date would be March 15th or the extended due date. For individuals, the due date would be April 15th or, if you are an expat, June 15th.

Estimated Time

7-10 days

Price Range

INR 20000 -25000

Scope of Work

1. Listing of the identity of the US shareholder and details about the foreign corporation which includes details on transactions between you and the foreign corporation, original capital contributions and other relevant data. 2. Other schedules are required, which can make it a total of 6-7 pages. Among the schedules to be completed are the balance sheet and income and expense sheet for the current year.

Documents Required

1. Balance Sheet and other financials