At TFX we've been doing taxes for U.S. expats for over 25 years
Expat taxes are complicated. Seriously.
Every precaution recommended by the IRS & more
Clear, transparent process. Thorough & well-thought-out
IRS Restructuring & Reform Act of 1998 protects taxpayers
Trusted by tens of thousands of clients worldwide
Which should you hire and why?
We stand by our work — year in, year out.
If you have years of experience with expat tax, get in touch!
Live webinar with Q&A — join & ask questions!
Easy process with an expert tax preparer
No matter where you reside — you must file US tax returns
No matter where you reside — you must file US tax returns
TFX helps Non-US aliens or Green Card holders file returns
Discover the average cost of tax return preparation for you
Get started call with tax preparer
High-level phone consultations with experts
Scary letter from the IRS? TFX can help
Selling stocks? New job? Make educated financial decisions
Easily determine your US tax residency status
New filing requirements for foreign owners of U.S. LLC
To report ownership in Foreign Corporations
Amnesty program for those residing in the states
U.S. tax requirements of non-US e-commerce merchants
Discover the average cost of tax return preparation for you
Form 1040 Federal Tax Return Package
For those with additional income sources beyond the core package.
For those who have not filed and want to become compliant with amnesty from penalties.
At TFX we've been doing taxes for U.S. expats for over 25 years
Expat taxes are complicated. Seriously.
Every precaution recommended by the IRS. And then some
Clear, transparent process. Thorough & well-thought-out
IRS Restructuring & Reform Act of 1998 protects taxpayers
Trusted by tens of thousands of clients worldwide
Which should you hire and why?
We stand by our work — year in, year out.
If you have years of experience with expat tax, get in touch!
If you have years of experience with expat tax, get in touch!
Many imitators, only one TFX. Ask the tough questions
Specific use cases & scenario analysis
Top notch customer service is core to TFX
We are the best at what we do and we’re here to help you
Easy process with an expert tax preparer
No matter where you reside — you must file US tax returns
No matter where you reside — you must file US tax returns
TFX helps Non-US aliens or Green Card holders file returns
Discover the average cost of tax return preparation for you
Get started call with tax preparer
High-level phone consultations with experts
Scary letter from the IRS? TFX can help
Selling stocks? New job? Make educated financial decisions
Easily determine your US tax residency status
New filing requirements for foreign owners of U.S. LLC
To report ownership in Foreign Corporations
Amnesty program for those residing in the states
U.S. tax requirements of non-US e-commerce merchants
Discover the average cost of tax return preparation for you
Form 1040 Federal Tax Return Package
For those with additional income sources beyond the core package.
For those who have not filed and want to become compliant with amnesty from penalties.
This form is to be used by a foreign corporation that has income that is "effectively connected" with a U.S. trade or business. Generally, that means any foreign corporation that has an employee, office, warehouse or production facility in the U.S..
The information required is substantially similar to that required on a domestic corporation income tax return (Form 1120), except that allocations may be required of U.S. source and foreign source income and any related expenses or taxes.
For a foreign corporation with an office or place of business in the U.S., the filing deadline is by the 15th day of the 4th month after the end of its tax year. A six month automatic extension of time to file the return (but not to pay any tax due) may be requested on Form 7004. For a foreign corporation that does not have an office or fixed place of business in the U.S., the form must be filed by 15th of June, but a six month extension of time to file may be requested with Form 7004.
File with the Internal Revenue Service Center, Philadelphia, PA 19255
The IRS instructions state that the average time to prepare this form is 77.5 hours. That doesn't include the time required to learn about the law or to accumulate the required records. In most respects, it's the same as the preparation of a domestic corporation income tax return on Form 1120, except that allocations may be required between U.S. source income and expenses and foreign source.
The penalties are the same as for a failure to file a U.S. corporation tax return.
A foreign corporation that does not have an office or place of business in the U.S. but which does have some U.S. source income should seek assistance from a U.S. tax preparer who is familiar with the rules for this form.
The form is not required if the corporation did not engage in any trade or business within the US and if all of its US source income was subject to withholding at the source.
It does not matter if the foreign corporation is owned by non US persons or by US persons or some combination. If the corporation is domiciled in a country other than the US, it will be a foreign corporation. It may be possible for a foreign person to own a corporation that is domiciled in the US -- in which case the foreign owner would be required to file a Form 5472 .
If a foreign corporation is controlled by U.S. shareholders, those shareholders may be required to file a Form 5471 .