GHJ International Tax Partner Polina Chapiro spoke at STEP Los Angeles event on U.S. foreign reporting forms and related compliance issues. Tax laws have undergone significant changes as a result of the Tax Cuts and Jobs Act of 2017 and so have many of the international tax forms. Polina’s in-depth discussion with Pam Drucker of Andersen Tax covered the following:

  • Overview of International U.S. Tax Forms
  • U.S. Shareholders of Foreign Corporations – Overhaul of Form 5471.
  • Forms for Reporting GILTI, BEAT and FDII
  • Changes to Foreign Tax Credit Reporting
  • Continuing Transition Tax Reporting Considerations
  • Pitfalls and Common Errors Made in Completing Foreign Reporting Forms
  • New Penalty Structure for International Tax Reporting

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