International Compliance
Key U.S. international tax filing requirements — know which forms apply to your foreign financial accounts, assets, and corporate interests.
U.S. taxpayers with foreign financial interests may be required to file one or more of the forms below in addition to their regular tax return. Failure to file can result in significant penalties. Review each form to determine which ones apply to your situation.
FBAR
FinCEN Form 114U.S. persons with financial interest or signature authority over foreign financial accounts must file if the aggregate value of those accounts exceeded $10,000 at any time during the calendar year.
Form 8938
FATCAU.S. individuals and domestic entities with specified foreign financial assets must file if the total value is $50,000 (Single) / $100,000 (MFJ) at the end of the year, or $75,000 (Single) / $150,000 (MFJ) at any time during the calendar year.
Form 5471
Foreign Corporation OwnershipRequired for U.S. citizens, residents, corporations, partnerships, or trusts who are officers, directors, or shareholders with specific ownership interests in certain foreign corporations. Commonly required for those with 10% or greater ownership in a Controlled Foreign Corporation (CFC) or Specific Foreign Corporation (SFC).
Form 5472
Foreign-Owned U.S. Corporations25% foreign-owned U.S. corporations and foreign corporations engaged in U.S. trade or business must file for any reportable transaction (e.g., sales, rents, royalties) between the reporting corporation and a foreign related party.
Form 926
Transfer of Property to Foreign CorporationRequired for U.S. persons who transfer property to a foreign corporation, including transfers of cash exceeding $100,000 in a 12-month period, or any transfer that results in 10% or greater ownership.