IRS Form 5471 Filing Instructions for Green Card Holders and US Citizens

U.S. citizens and green card holders, directors, officers, or shareholders in certain foreign corporations are responsible for IRS Form 5471 filing. Many expat business owners are unsure how to handle their taxes after relocating. This article will discuss the tax obligations of an expat business owner, with a particular emphasis on IRS Form 5471 and who must file it…