US persons with foreign shareholdings exceeding 50% of a foreign corporation are advised to consider making a timely application to the IRS for consent to use the foreign corporation’s balance date for reporting purposes. This needs to be done on Form 1128...
Just a reminder that if you are a US person with interests in any of the following entities: * trusts created outside the US, into which you have transferred assets, or * companies formed outside the US, of which you are a 10% or greater shareholder, or *...
