INTERNATIONAL TAX SERVICES
Tavella CPA Group prepares U.S. foreign-business and investment information returns, including Forms 5471, 8858, and 8621 when required and within the agreed scope. Start with a review of the ownership, entity or investment, tax years, and filing history. We then identify the forms, schedules, calculations, and coordination needed with the applicable U.S. return.
Request an International Reporting ReviewSCOPE AND FIT
For the initial conversation, identify the U.S. filer type, foreign entity or investment type, countries, direct and indirect ownership, changes during the year, tax years involved, prior filings, and next known deadline. Do not send ownership records, tax returns, account numbers, passport data, or other sensitive documents through the public form. If the work is accepted, secure records are requested through the client portal.
For foreign-company or branch reporting, the accepted record review may require financial statements, ownership changes and relevant transactions for each entity and year. For foreign fund holdings, keep acquisition, distribution, sale and prior-election information separated by investment. A broker's year-end balance alone may not resolve the reporting question. Describe the records available in your inquiry; detailed records belong in secure onboarding. Any additional calculations, record reconstruction or advisory work are confirmed separately in the engagement.
COMMON QUESTIONS
You can request a limited engagement for the international reporting work without moving all of your tax work. We first confirm the available records, required calculations, and coordination with the person preparing the U.S. return. The engagement identifies who prepares each item and who handles the filing. A limited preparation engagement does not mean the information form can be filed independently when attachment to a return is required.
We review the form or reporting concern, tax years, entities or investments, ownership changes, available financial records, prior filings, and deadline. The quote identifies the forms and supporting work included, coordination responsibilities, timing, and any separately scoped corrections or advisory work. Detailed tax analysis and document review are part of an agreed engagement, not the initial inquiry.
No. They are separate information returns with different filer definitions, ownership rules, schedules, exceptions, and records. Each form, foreign entity or investment, and filing year must be reviewed and expressly included in the written engagement.
No. The IRS instructions describe multiple filer categories, including certain officers, directors, shareholders, and U.S. shareholders under direct, indirect, and constructive ownership rules. The applicable category and schedules require a facts-based review.
Generally, the IRS instructions call for a separate Form 8621 for each PFIC held directly or indirectly when a filing requirement applies. Exceptions and elections can change the analysis, so the investment and ownership records must be reviewed.
Forms 5471 and 8621 generally attach to the applicable federal return, and Form 8858 attaches to the applicable return or related Form 5471 or 8865 as directed by its instructions. The filing date generally follows the due date, including extensions, of the connected return, but the exact filing path depends on the facts and current instructions.
Potentially, but delinquent international information returns, amended returns, reasonable-cause positions, penalty matters, and available correction procedures require a separate review. No correction method or penalty outcome can be assumed before the complete filing history and agency contact are evaluated.
GUIDES AND REVIEW TOOLS
PRIMARY GUIDANCE
This page provides general U.S. tax information, not tax, legal, investment, or foreign-law advice. Filing requirements depend on the filer, ownership chain, entity classification, transactions, elections, exceptions, tax year, and current law. A CPA-client relationship begins only through an accepted engagement agreement.
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