U.S. Income Tax Compliance

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Form TDF 90-22.1 • Penalties – For a violation occurring after Oct. 22, 2004, the maximum civil penalty for a willful violation of the reporting and recordkeeping requirements is the greater of $100,000 or 50% of the balance in the account at the time of the violation. – Non-willful violations can result in a penalty as high as $10,000 for each violation. – Criminal violations of the rules can result in a fine and/or five years in prison.
From 5472 • Who must file? – Any reporting corporation that had a reportable transaction with a foreign or domestic related party •A reporting corporation is either – A 25% foreign-owned US corporation or – A foreign corporation engaged in a US trade or business
Page 1 and 2: U.S. Income Tax Compliance TTN Conf
Page 3 and 4: International Tax Forms • More Fo
Page 5 and 6: International Tax Forms • Forms f
Page 7 and 8: International Tax Forms • Forms f
Page 9 and 10: Form 926 • Exceptions - Various e
Page 11 and 12: Form 3520-A • Copies of the Forei
Page 13 and 14: Form 3520 • Who must file? - A re
Page 15 and 16: Form 3520 • Where and when to fil
Page 17 and 18: Form 5471 • Who must file? - Cate
Page 19 and 20: Form 5471 • A U.S. person has con
Page 21 and 22: Form 5471 • Penalties - A $10,000
Page 23 and 24: Form 5471 • Penalties - Any perso
Page 25 and 26: Form 8858 • A foreign disregarded
Page 31 and 32: Form 8865 • When and where to fil
Page 33 and 34: Form 8865 • Penalties - Category
Page 35 and 36: Form 8865 • Penalties - Category
Page 37 and 38: Form TDF 90-22.1 • A financial ac
Page 39: Form TDF 90-22.1 • Signature Auth
Page 43 and 44: From 5472 • Exceptions - No repor
Page 45 and 46: Form 5472 • When and where to fil
Page 47 and 48: Form W-7 • Who must file? - Any i
Page 49 and 50: Form W-7 • When and where to file
Page 51 and 52: Form 8832 • When to file - An ele
Page 53 and 54: Forms 8804, 8805, and 8813 • Who
Page 55 and 56: Forms 8804, 8805, and 8813 • Wher
Page 57 and 58: Forms 8288, 8288-A, and 8288-B •
Page 63 and 64: Other Forms • Where to file Form
Page 65 and 66: Draft Form 1120-F • Other new sch
Page 67 and 68: When is a partnership required to f
Page 69 and 70: When is a foreign partner required
Page 71 and 72: Examples • Every domestic partner
Page 73 and 74: Examples • Answer depends on the
Page 75 and 76: What are the due dates for the retu
Page 77: What are the due dates for the retu

U.S. Income Tax Compliance

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