Hi,
This is my first time posting on expatforum, where I've found many helpful comments among in the forum (many thanks to those who've shared their experiences!).
I have a tax-related question: I wonder if anyone has experience filing an IRS 5471 form (U.S. citizen with majority control of a foreign business, in this case in Mexico)? This is a very small business (ca. $1,600 USD income last year), but because of Mexican immigration and business laws regarding foreigners, I had to incorporate (S.A. de C.V.).
Any suggestions would be much appreciated!
Thank you in advance!
K
This is my first time posting on expatforum, where I've found many helpful comments among in the forum (many thanks to those who've shared their experiences!).
I have a tax-related question: I wonder if anyone has experience filing an IRS 5471 form (U.S. citizen with majority control of a foreign business, in this case in Mexico)? This is a very small business (ca. $1,600 USD income last year), but because of Mexican immigration and business laws regarding foreigners, I had to incorporate (S.A. de C.V.).
Any suggestions would be much appreciated!
Thank you in advance!
K
