Home/Regulated filings/Form 5471 · CFC
Foreign assets
10%+ owners · CFC tax

Form 5471 Filing. Controlled foreign corporations, reported right.

If you are a US person with 10%+ ownership in a foreign corporation, you likely must file Form 5471 - one of the most complex IRS forms. Filing categories range from passive ownership disclosure (Category 5) to CFC-level GILTI and Subpart F income computation (Category 1, 4, 5). Failure to file = $10,000 per form per year, with no good-cause exception in practice. We classify the filer category, compute GILTI/FDII/Subpart F, prepare Schedule M intercompany disclosure, and file with the Form 1040 or 1120.

All 50 states + DC 60-day money-back SOC 2 Type II
How it works

How we handle Conservation Easement, end-to-end.

A conservation easement is a permanent restriction on the use of land, typically donated to a qualified land trust to preserve the land's natural or open-space character.

1

Eligibility review

Land must have conservation value: scenic, ecological, historic, open-space, or recreational. We assess whether your land qualifies. Most rural and undeveloped properties do; urban properties rarely.

2

Land trust selection

Donation must be to a qualified land trust (501(c)(3)). We refer to local and national land trusts (Land Trust Alliance, The Nature Conservancy, regional trusts). They accept the easement and hold the restriction in perpetuity.

3

Engineering + appraisal

Engineering work documents the conservation value. Qualified appraisal determines diminished land value (the deduction amount). IRS scrutinizes appraisals; we use highly credentialed appraisers with conservation easement experience.

4

Legal documentation + closing

Easement document recorded with county recorder. Permanent restriction runs with the land. Donor receives appraisal-supported deduction. Coordination with attorney specializing in conservation easements.

What we'll set up for you

A clean handoff, in four steps.

You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.

01 · Name + Brand

A name that's actually available.

Real-time check against the state register, USPTO trademark database, and matching domains.

02 · State filing

Filed with the Secretary of State.

We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.

03 · Federal IDs

EIN + the right tax setup.

Federal Employer ID with the IRS, plus state tax accounts when your business needs them.

04 · Stay compliant

Registered Agent + deadline tracking.

Your agent on file in every state, with every renewal and annual report tracked in one calendar.

Pricing

Transparent conservation easement pricing.

Government fees pass through at cost. No upsells.

Single CFC · Category 4/5

$1,899
Standard CFC filing

Single CFC, GILTI computation, Subpart F analysis, Schedule M intercompany, attached to Form 1040 or 1120. Standard package for typical US founder with foreign subsidiary.

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Catch-up + delinquent filings

$5,999
3-6 year package

Delinquent Form 5471 filings under Delinquent International Information Return Submission Procedures. Includes reasonable-cause statement + counsel review. Avoids $10K-per-year penalty stacking.

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FAQ

About the Conservation Easement Service.

Who must file Form 5471?
US persons with 10%+ ownership (or specified relationships) in a foreign corporation. Categories 1-5 based on ownership + relationship. Even passive 10% ownership can trigger Category 5 filing. Attribution rules pull in family + controlled entities.
What is the penalty for not filing?
$10,000 per Form 5471 per year, automatic. Additional $10,000 per month after 90 days from IRS notice, max $50K additional. No good-cause exception in practice - IRS routinely assesses + courts uphold. Multi-year non-compliance: $50K+ per CFC.
How does GILTI work for my CFC?
Annually include CFC's 'tested income' minus 10% of qualified business asset investment in US shareholder's gross income. Section 250 deduction = effective ~10.5% rate (rising). Foreign tax credit available. Most CFCs with meaningful operations have GILTI inclusion.
What is the GILTI high-tax exclusion?
Annual election (§ 954(b)(4)) to exclude CFC income taxed at >90% of US corporate rate (~18.9% as of 2026). Useful for CFCs in high-tax jurisdictions. Election made on Form 5471 Schedule I-1. We evaluate annually.
Does Subpart F still apply after GILTI?
Yes. Subpart F captures passive + base-eroding income currently; GILTI captures remaining tested income. Subpart F applies first; GILTI applies to non-Subpart-F tested income. Different categorization rules; we apply both.
Does Form 5471 apply if my company is a CFC but I sold during the year?
Yes - Category 3 captures dispositions reducing US shareholder below 10%. Category 4 captures any 30-day CFC ownership during the year. Even partial-year ownership of a CFC typically triggers filing.
Why File.Business

Premium compliance, no service-fee markup.

Trust you can verify

SOC 2 Type II audited platform. 220,000+ businesses served. 60-day money-back on service fees. State fees passed through at cost with no hidden markup. Explicit AUP on restricted industries.

A compliance partner, not a transaction

Most providers go quiet after checkout. We auto-track every annual report, registered agent renewal, and license deadline across your entities. The Business OS dashboard keeps your compliance score visible year-round.

Premium experience competitors cannot match

Premium positioning, transparent pricing, no service-fee markup on state or federal filings. Premium positioning, transparent pricing, no service-fee markup on state filings.

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