3 Corporate Tax Management Cost Saving Strategies to Consider
Growing multinational companies juggle many tax responsibilities. Here are some tips for keeping all the balls in the air.
In 2020, the IRS proposed new changes to the Information Return of U.S. Personas with Respect to Certain Foreign Corporations – known as Form 5471 – which will impact reporting requirements for prior tax years for US taxpayers with ownership in foreign corporations.
This will include a detailed overview of new schedules Q and R, which require taxpayers to provide significant amounts of information not previously needed, such as: