2 Guides across 1 job. Each Guide is authored by an accountant; the ones more colleagues stand behind rise to the top.
Tier 2 US federal content skill for Form 5471 — US Information Return for Controlled Foreign Corporations and other foreign corps requiring US-shareholder reporting under §§6038 and 6046. Covers tax year 2025 including the five filing categories (Cat 1 SFC, Cat 2 officer/director, Cat 3 acquisition/disposition, Cat 4 controller >50%, Cat 5 CFC shareholder), the §958(b)(4) repeal expanding the CFC universe through downward attribution, the eleven schedules (A through Q), §951 Subpart F + §951A GILTI inclusion mechanics, §959 PTEP tracking, §954(b)(4) high-tax exception, the $10,000 per-failure-per-year §6038 penalty, and reasonable-cause defense paths including Streamlined Foreign Offshore Procedures.
Tier 2 US federal-level reference skill providing the 50-state at-a-glance entity formation matrix for LLCs and corporations — initial filing fees, annual report fees, minimum franchise and privilege taxes (CA $800, DE $300 LLC, TN $100 minimum, NV $325 + business license), registered agent requirements, foreign qualification thresholds, publication requirements (NY, AZ, NE), Series LLC availability (DE/IL/TX/TN/NV/UT and others), Professional Service Entity rules (PLLC/PC), and the Corporate Transparency Act / BOI status (currently stayed per December 2024 federal injunction). Tax year 2025.