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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
 

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Hi Karla75,

Yes, I have to file a couple 5471's each year, plus schedule "O"; as I have companies holding assets or acting as the Trustee for a trust. What is your particular question? I'm no expert but I do have this obligation, and have some understanding... :)

Cheers... ...Jim
 
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