The due date for filing 2017 U.S. federal income tax returns for individuals who have requested an extension is Oct. 15, 2018. With only one month left until the deadline, we have prepared a countdown of 10 common tax reporting obligations that may be relevant to global individuals with cross-border assets or activities.
10, 9, 8, 7: Information Returns Relating to Offshore Entities
10. Form 5471
Form 5471 is used by U.S. persons who are officers, directors, or shareholders in certain foreign corporations, including controlled foreign corporations (CFCs), to satisfy the reporting requirements of sections 6038 (reporting with respect to certain foreign corporations) and 6046 (returns relating to organizations and reorganizations of foreign corporations).