Yes, Greenback can absolutely help you file your foreign business returns with the IRS!
As a default, any US person with a foreign registered business will need to file Form 5471 - without knowing your full situation and the additional reporting needed, we charge $665 for the 5471; however, a dormant 5471 is $280. If your business is considered a controlled foreign corporation (majority owned by US persons), you may also need to pay the GILTI tax and we can prepare those computations for $655.
We can also prepare the following forms:
- 962 Election on 1120 Forms ($950): This allows US individuals who’ve invested in a Foreign Corporation to elect the same tax treatment they would’ve received if they had invested via a domestic corporation conducting business overseas.
- Form 8865 ($445): Required for US persons who are partners in a foreign partnership, or a foreign entity choosing to be taxed as a partnership.
- Schedule K-2 and K-3: Required for all foreign income reported on a K-1. By default, all partnerships reported on Form 8865 are foreign and have foreign income on the K-1.
- Form 5472 ($235): Required if your US company has a non-US owner owning 25% or more of the company or if you operate a foreign company in the USA.
- LLC Form 5472 Corporate Return ($380): Essential if you own a US LLC as a foreign person or entity.