Service · Compliance

U.S. Tax Compliance

Corporate tax returns, Form 5472, and federal and state filings, prepared correctly and filed on time, by a CPA who specializes in foreign-owned companies.

The problem

For an Italian-owned U.S. company, compliance is where the quiet, expensive mistakes happen. A generalist preparer who is excellent with American small businesses can miss the obligations that apply specifically to foreign ownership, and those omissions often surface years later, with penalties attached. Form 5472 is the classic example: an information return that foreign-owned U.S. entities must file, with steep per-year penalties for getting it wrong or skipping it.

You should not have to know which forms apply to a foreign-owned entity. That is our job.

How we approach it

We treat compliance as the foundation of the relationship, not a commodity. We review your structure and ownership, identify every federal and state obligation that applies because the company is foreign-owned, and prepare and file accordingly. Where prior years contain gaps, we assess them honestly and bring them current through the proper channels. And because a licensed CPA, Valerio, signs as the responsible preparer, the work carries real accountability behind it.

What this includes

Federal corporate income tax returns (Form 1120 and related)
Form 5472 for foreign-owned U.S. entities
Form 1120-F where a foreign corporation files directly
State corporate and franchise tax filings
Review and remediation of prior-year gaps
Coordination of federal and multi-state obligations
Reasonable-cause documentation where needed
A process so each year's obligations are met on time

In practice

An Italian group operating a U.S. subsidiary for several years had filed federal returns but never the required Form 5472. We prepared and filed the missing forms, documented the position, and built a routine so the obligation is met automatically each year.

Common questions

We already have a U.S. accountant. Why would we need you?

Many capable U.S. accountants rarely see foreign-owned entities and are not focused on the filings that ownership triggers. If your accountant works well for you, we are glad to review the foreign-ownership pieces specifically. If not, we can take the whole U.S. side.

We think we may have missed filings. Is it too late?

It is rarely too late to address it, and addressing it deliberately is far better than waiting for the IRS to find it. We review what was missed and bring the filings current through the proper channels.

Can you handle filings outside New York?

Yes. We coordinate federal and multi-state obligations throughout the United States, wherever your entity is registered or has activity.

Start with compliance

Let's make sure your U.S. filings are right.

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