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gxu2009
Apr 14, 2011, 09:40 AM
Hello, I am a US Citizen and a share holder of a foreign company. During the company restructuring this year, they set up a BVI holding company for me to hold all my shares, the lawyer said that I might need to file Form 5471 along with my personal tax returns, but he's not sure as he's not a tax professional, and I'm not sure if I need to do it this year or next year, the BVI company was registered on 2/15/2011 (100% owned by me).

Pleas help! Thanks!

AtlantaTaxExpert
Apr 29, 2011, 09:21 AM
The complexity of this issue makes giving a concise answer impossible. The tax professional would need to know ALL of your financial details before giving an opinion.

I recommend that you find a local tax professional and meet face-to-face to get an answer to this question.