edward
Level 1

My clients, husband and wife, own company (LTD) in foreign country. Do they need to file form 5471?

0 Cheers
itonewbie
Level 15

Probably.  Take a look at this, which clearly spells out who needs to file.

https://www.irs.gov/instructions/i5471#idm140173667247152

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Still an AllStar