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At TFX, we have been preparing business tax returns for over 25 years. We never hire junior staff. No outsourcing, no middlemen: you’ll be working directly with an experienced (our average age is 42) CPA or EA who will handle your case from beginning to end.
Aside from knowledge, convenience and security are what we value at TFX. And these key features are what our clients are thrilled with. Our best-in-class secure online portal makes TFX the top-rated tax firm (with an average score of 4.8/5 on Trustpilot).
In addition to tax filing & compliance, TFX offers tax planning & phone consultations. Choose a convenient time & book directly in your client portal.
TFX pricing is transparent, which means you’ll always know what you pay for.
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Form 5471 Schedule E reports the foreign income taxes a controlled foreign corporation paid or accrued during its tax year. The US shareholder uses this data to claim a deemed-paid foreign tax credit under IRC Section 960, reducing double taxation. ...
Quick answer: Guam operates a mirror tax system – the territory applies the US Internal Revenue Code with “Guam” substituted for “United States.” Bona fide residents file with the Guam Department of Revenue and Taxation, not the IRS. Guam imposes a Gross Receip...
Quick answer: Bona fide USVI residents who meet the 183-day presence test, maintain no tax home outside the USVI, and satisfy the closer-connection requirement file their income tax return with the Virgin Islands Bureau of Internal Revenue (VIBIR) instead of the IRS, potentially unlocking significant tax advantages. The...
A PFIC annual information statement is a document issued by a foreign fund to its US shareholders that provides the data required to make or maintain a Qualified Electing Fund election on IRS Form 8621. Without this statement, a US investor...
Form 5471 Schedule Q reports a controlled foreign corporation’s income, deductions, taxes, and assets by CFC income group. For a 2025 return filed in 2026, use the published December 2024 Schedule Q with the December 2025 Form 5471 instructi...
Form 5471 Schedule P tracks previously taxed earnings and profits, or PTEP, for certain US shareholders of foreign corporations. For a 2025 tax return filed in 2026, it helps show which CFC earnings were already included in US income. That record becomes relevant when a CFC later distributes cash. Correct PTEP reporting can determine wh...