U.S. Owners of Foreign Businesses: Stay Compliant & Tax-Efficient
If you're a U.S. citizen, Green Card holder, or U.S. tax resident with an ownership stake in a foreign business, you must comply with strict IRS reporting rules to avoid penalties. Whether your company is an offshore corporation, foreign partnership, or a controlled foreign corporation, you are subject to additional IRS taxes and reporting requirements.
Overview
Our Global Company Compliance Package keeps you compliant while minimizing tax liabilities and preserving the benefits of an offshore company.
Who Benefits from this Compliance Package?
U.S. citizens or residents who own or control a foreign business (C-Corp equivalent, LTD, GmbH, etc.).
U.S. professionals who use foreign entities to invoice clients and want to ensure compliance.
U.S. persons with ownership stakes in foreign businesses that require Form 8865 (partnerships).
U.S. taxpayers who own foreign funds, ETFs, or certain foreign companies subject to passive investment reporting rules.
Why Choose Ongoing Compliance?
Many U.S. resident owners of foreign businesses do not realize they have domestic reporting obligations for their offshore companies. Ongoing compliance is essential to avoid penalties and optimize tax savings.
Client Scenarios: How This Package Helps
A U.S. digital nomad uses a foreign company to invoice clients. We handle all required IRS filings for the foreign entity and apply available credits to minimize U.S. tax.
A U.S. entrepreneur owns a majority stake in a Hong Kong company for software sales. We structure the IRS reporting to minimize U.S. tax impact using available deductions and exemptions.
A U.S. citizen owns a Panamanian company that holds real estate. FIRPTA doesn't apply, but Form 5471 & foreign tax calculations are required. Solution: We prepare filings, ensure tax treaty compliance, and prevent IRS penalties.
Who This Compliance Package is NOT for:
If your business is 100% U.S.-based, refer to our Resident Owned or Local Company package.
If you are a non-resident foreigner with a U.S. company, refer to our Non-Resident package.
If you do not control or have a reportable ownership percentage in a foreign business, this may not apply.
Our Foreign Business Compliance Package covers:
Required for U.S. persons with 10% or more ownership in a foreign corporation. Ensures correct reporting of foreign business income.
Used for U.S. taxpayers owning foreign partnerships. Prevents IRS penalties for non-reporting.
Required when transferring money/assets from the U.S. to a foreign corporation.
Required if your foreign company generates passive income from investments. Prevents IRS penalties for misclassification.
Structures your foreign business income to reduce additional IRS taxes on foreign profits.
Helps avoid double taxation by claiming foreign tax credits and structuring earnings efficiently.
Ensures all foreign company bank accounts are properly reported to avoid IRS penalties.
Our Simple 4-Step Compliance Process:
We assess your entity type and ownership level to determine IRS compliance needs.
We gather business financials, ownership records, and required IRS filings.
We file all required IRS forms for your foreign entity and handle any associated foreign account reports.
We provide annual compliance services and strategies to reduce tax liabilities.
Pricing & Packages
Frequently Asked Questions
Related Solutions
If you are a U.S. citizen or tax resident with foreign bank accounts, investments, businesses, or income sources, you must file additional IRS reports, including foreign account reports, foreign asset disclosures, and other required filings.
Running a U.S.-based business as a resident or citizen comes with strict tax filing and reporting obligations. Whether you operate a C-Corp, S-Corp, LLC, or Partnership, you must ensure IRS and state tax compliance, proper entity classification, and optimized tax structuring.
If you are a non-U.S. resident who owns a U.S. LLC, C-Corp, or other business, you have specific reporting and compliance requirements. Unlike U.S. residents, non-residents are subject to different rules, including withholding taxes, tax treaty considerations, and reporting obligations such as Form 5472 and U.S. source income taxation.