URGENT U.S C-Corp Tax & 5471 Filing
Budget: $750 – $1,500 USD
Contract Description: U.S. C-Corp Tax Filing & Form 5471 Compliance
We are seeking a tax professional to assist with amending and filing tax returns for a Delaware C-Corp holding company that owns two foreign subsidiaries in the same country. The primary focus is on ensuring compliance with Form 5471 filings and avoiding late penalties, given our net operating loss (NOL) position.
Company Structure & Filing Requirements
U.S. Holding Company (C-Corp in Delaware)
Subsidiary A (Category 4/5 filer).
Subsidiary B (Category 3 filer).
Limited transaction activity outside of funding foreign subsidiaries.
NOLs present for both the U.S. entity and foreign subsidiaries.
Foreign Subsidiaries
Subsidiary A → Category 4/5 filing required.
Subsidiary B → Category 3 filing required.
Scope of Work
* Amend 1120 return for tax year 2021-2022.
* Prepare and file past-due 1120 & 5471 returns for 2022-2023 (Category 4 filing for Subsidiary A).
* Prepare and file 1120 & 5471 returns for 2023-2024 (on extension, due March 17, 2025):
Category 4 filing for Subsidiary A
Category 3 filing for Subsidiary B
Ensure compliance and mitigate penalties related to late Form 5471 filings or any other necessary forms.
Available Data & Support
Complete accounting records for the U.S. holding company, with expenses categorized for tax purposes.
Tax-submitted books for both foreign subsidiaries.
Expectation & Timeline
Work must be completed by March 17, 2025, pending a final review before submission.
We acknowledge the last-minute nature of this request and expect pricing to reflect urgency.
Payment is contingent on timely review and filing.
Quote Request
Please provide a quote for completing all required filings within the deadline.
Let us know if additional documentation is required to proceed efficiently.
Looking forward to your response.
We are seeking a tax professional to assist with amending and filing tax returns for a Delaware C-Corp holding company that owns two foreign subsidiaries in the same country. The primary focus is on ensuring compliance with Form 5471 filings and avoiding late penalties, given our net operating loss (NOL) position.
Company Structure & Filing Requirements
U.S. Holding Company (C-Corp in Delaware)
Subsidiary A (Category 4/5 filer).
Subsidiary B (Category 3 filer).
Limited transaction activity outside of funding foreign subsidiaries.
NOLs present for both the U.S. entity and foreign subsidiaries.
Foreign Subsidiaries
Subsidiary A → Category 4/5 filing required.
Subsidiary B → Category 3 filing required.
Scope of Work
* Amend 1120 return for tax year 2021-2022.
* Prepare and file past-due 1120 & 5471 returns for 2022-2023 (Category 4 filing for Subsidiary A).
* Prepare and file 1120 & 5471 returns for 2023-2024 (on extension, due March 17, 2025):
Category 4 filing for Subsidiary A
Category 3 filing for Subsidiary B
Ensure compliance and mitigate penalties related to late Form 5471 filings or any other necessary forms.
Available Data & Support
Complete accounting records for the U.S. holding company, with expenses categorized for tax purposes.
Tax-submitted books for both foreign subsidiaries.
Expectation & Timeline
Work must be completed by March 17, 2025, pending a final review before submission.
We acknowledge the last-minute nature of this request and expect pricing to reflect urgency.
Payment is contingent on timely review and filing.
Quote Request
Please provide a quote for completing all required filings within the deadline.
Let us know if additional documentation is required to proceed efficiently.
Looking forward to your response.