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Frequently Asked Questions

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What is included in the U.S. tax return service for foreign corporations?

The service includes preparation and filing of Form 1120-F, computation of effectively connected income, treatment of U.S.-source FDAP income, branch profits tax analysis, and guidance on Form 5472 reporting.

Which foreign corporations need to file Form 1120-F?

Foreign corporations engaged in a trade or business within the U.S. or with U.S.-source income subject to taxation or withholding must file Form 1120-F.

Are there any additional charges for complex cases?

Yes, complex cases such as U.S. domestic entity returns, foreign information returns, PFIC reporting, and others may require additional work and be subject to a separate quote.

How are deductions handled for foreign corporations?

Deductions are allowed only if they are connected with effectively connected income and a true and accurate return is filed.

What should be considered when claiming treaty benefits?

Eligibility for treaty benefits depends on the applicable treaty and limitation-on-benefits provisions, and some treaty positions may require formal disclosure.