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Foreign Entity Reporting Specialists

Foreign Entity Compliance

Licensed CPA handling Form 5471, 5472, 3520, 8621, and every foreign entity filing for U.S. persons with offshore business interests.

  • Forms 5471 & 5472 for U.S. persons owning 10%+ of foreign corporations and foreign-owned U.S. entities
  • Form 8858 for foreign disregarded entities and branches
  • Form 8865 for U.S. persons with 10%+ interest in foreign partnerships
  • Form 8621 for Passive Foreign Investment Company (PFIC) reporting
  • Form 3520 & 3520-A for foreign trusts, gifts over $100,000, and bequests
  • GILTI and Subpart F income inclusions for CFC shareholders
Licensed CPA & EA5.0 Google RatingSame-Day Replies

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Avg. response: under 3 hours

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$10K+
Per-form penalty
7
Foreign Entity Forms
100+
International Clients
60+
Treaty Countries

What We Handle

Foreign Entity Reporting Services

Every filing, every form, handled by specialist CPAs.

Form 5471 Preparation

Form 5472 for Foreign-Owned LLCs

Form 3520 & 3520-A

Form 8621 PFIC Reporting

GILTI and Subpart F Calculations

Penalty Abatement and IRS Defense

Not sure which service you need?

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Sound Familiar?

Foreign Entity Mistakes That Cost Thousands

Missed Form 5471 or 5472 penalties start at $10,000 per year

Own a Foreign Corporation

You hold 10% or more of a foreign company and need annual Form 5471 with confusing categories and schedules.

Our Fix

We determine your filing category, complete the correct schedules, and calculate GILTI and Subpart F inclusions.

Foreign-Owned U.S. LLC

Non-resident owner of a U.S. disregarded LLC. Form 5472 required even with no U.S. operations.

Our Fix

Form 5472 plus pro forma 1120 filed annually. We handle these for non-resident owners routinely.

Received Foreign Gift or Inheritance

Inherited or received over $100,000 from a foreign person or estate. Form 3520 due with penalties for late filing.

Our Fix

Form 3520 prepared, deadline extension requested if needed, late-filing abatement if missed.

Foreign Trust or Pension

Beneficiary or grantor of a foreign trust (including some foreign pension plans) with Forms 3520 and 3520-A required.

Our Fix

We analyze whether the entity is a trust for U.S. purposes and file the full 3520 and 3520-A package.

PFIC Holdings

Foreign mutual funds, ETFs, or certain foreign stocks. Each is a PFIC requiring Form 8621.

Our Fix

Form 8621 with QEF election, Mark-to-Market election, or default Section 1291 treatment. Whichever saves the most tax.

Penalty Notice on Foreign Forms

IRS sent a $10,000 penalty notice for a late or missed foreign entity form.

Our Fix

Reasonable cause letter, First-Time Abate, or penalty appeal. 99% resolution rate on these cases.

How It Works

Three Steps to Peace of Mind

No confusion, no runaround. Just clear steps from first contact to filed returns.

1

Tell Us Your Situation

Fill out the form above or call us. We will assess your needs and give you a free same-day quote, no commitment required.

2

Upload Docs Securely

Use our encrypted client portal to share your documents. We handle the rest and keep you updated every step of the way.

3

We File. You Relax.

We prepare, review with you, and file. You will be fully compliant, penalty-free, and positioned to save on future taxes.

Questions? Ask Us

We will guide you through the entire process, no stress, no pressure.

Testimonials

100% Five-Star Reviews

Verified reviews from Google Business Profile

Google Review
I run a small consulting company and TS CPA truly feels like a key addition to my team. They pretty much handle everything such as tax compliance and filings, payroll, bookkeeping, and tax planning so I don't have to stress about it. The team is incredibly responsive and easy to communicate with.
CW

Cameron W.

Small Business Owner

Google Review
TS CPA was fast, professional, and super easy to work with. Clark really knows his stuff. He caught mistakes in my original return, helped me file an amended tax return, and got everything corrected the right way. Best part, I ended up getting money back.
RV

Rosario V.

Amended Return

Google Review
Huge shoutout to Clark at TS CPA for making my S Corp setup and tax filings completely stress-free. He's incredibly detailed and took the time to answer every single one of my questions, no matter how small they are.
GW

Gabe W.

S-Corp Owner

Google Review
I've worked with Clark at TS CPA for several years now and he's always been exceptional. He's handled standard yearly taxes, estimated taxes, and complex AMT calculations. He's incredibly thorough, and always takes time to clearly explain my returns.
MB

Matt B.

Complex Tax Client

Google Review
Running a landscaping company is busy enough, and Clark at TS CPA makes the back office side easy. They handle my bookkeeping, payroll, tax filings, and planning, and they stay on top of things without me chasing them down.
CA

Cynthia A.

Small Business Owner

Google Review
I found TS CPA and Clark is a total life saver. He made everything so easy, walked me through it step by step, fixed the dependent situation, and this year I was able to claim them and file Head of Household like I should've.
RR

R R.

Individual Client

FAQ

Common Questions

Still have questions? Call us at (832) 304-9959

Who needs to file Form 5471?
U.S. citizens, residents, and domestic corporations who own 10% or more (by vote or value) of a foreign corporation must file Form 5471 annually. There are five categories of filers with different requirements. Penalty is $10,000 per year per form for non-filing.
What is Form 5472 and who must file it?
Form 5472 is required when a U.S. corporation or disregarded entity (like a single-member LLC) has a 25% or greater foreign owner and engages in reportable transactions. Since 2017, foreign-owned U.S. single-member LLCs must file Form 5472 annually even with no U.S. operations. Penalty is $25,000 per year.
What is GILTI and does it apply to me?
GILTI (Global Intangible Low-Taxed Income) applies to U.S. shareholders who own 10% or more of a Controlled Foreign Corporation. The U.S. taxes a portion of the CFC earnings currently even if undistributed. The Section 962 election and high-tax exception can significantly reduce GILTI exposure.
Do I need to file Form 3520 for foreign gifts?
Yes, if you received gifts exceeding $100,000 from a foreign individual or $18,567 (2024) from a foreign corporation or partnership in aggregate during the year. Form 3520 is due with your tax return. Penalty is 5% of the gift amount per month, up to 25%.
What is a PFIC and why does it matter?
A Passive Foreign Investment Company (PFIC) is a foreign corporation where 75% or more of income is passive or 50% or more of assets are passive. Most foreign mutual funds, ETFs, and some foreign stocks qualify. PFIC taxation is punitive by default, but QEF or Mark-to-Market elections can normalize treatment. Form 8621 required per PFIC per year.
What if I have never filed these foreign entity forms?
Depends on whether the IRS knows yet. Before detection: Streamlined Procedures or Delinquent International Information Return Submission Procedures may offer relief. After detection: penalty abatement via reasonable cause or First-Time Abate. We assess your risk and pick the right path.
How much does foreign entity reporting cost?
Form 5471 starts at $950 per entity (more for complex Category 5 filers with Subpart F or GILTI). Form 5472 starts at $450. Form 3520 starts at $550. Form 8621 starts at $350 per PFIC. Free same-day quote.

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