US tax, accounting and compliance for US and foreign founders and businesses.
We support your company from formation through ongoing compliance, and your personal return too.
From formation to ongoing compliance
1. Set up
- US company formation (LLC or Inc) in any US state
- EIN application assistance
- Registered agent coordination
2. Keep clean
- Monthly or quarterly bookkeeping
- Catch-up bookkeeping
- Financial record maintenance
3. Stay compliant
- State annual reports and franchise taxes
- Other applicable state compliance
- W-8BEN and W-8BEN-E
- Forms 1042 and 1042-S, where applicable
- Forms 5471, 8865, 8938 and FBAR, where applicable
4. File
- Forms 1120, 1120-S and 1065, as applicable
- Form 5472, where applicable
- Individual Forms 1040 and 1040NR
Which forms and filings apply depends on your entity, ownership, transactions and personal circumstances. Not every business needs every form.
Find your situation
US startup or founder
Formation, bookkeeping, state compliance and the company return, plus your personal 1040.
Foreign founder with a US company
Company return, Form 5472 where applicable, state filings and your 1040NR or 1040.
Foreign-owned US corporation or LLC
Ownership-based reporting, state compliance and withholding forms where they apply.
Established US business
Business returns, bookkeeping and ongoing state compliance.
Individual
Form 1040 or 1040NR, prepared on its own or alongside a business return.
Forms founders ask about
An information return for certain US corporations, and some foreign-owned LLCs, that are at least 25% foreign-owned and have reportable transactions with foreign related parties. Whether it applies depends on ownership and transactions.
Delaware charges an annual tax to corporations and LLCs formed there. The amount and due date depend on the type of entity and, for corporations, how the tax is calculated.
Most states require an annual or periodic report to keep a company in good standing. Rules, fees and due dates vary by state.
Forms a foreign individual (W-8BEN) or entity (W-8BEN-E) gives to a US payer to certify foreign status for withholding and treaty purposes.
Forms used to report, and pay over, US tax withheld on certain US-source income paid to foreign persons. Whether they apply depends on the type of payment and who receives it.
An information return filed by certain US citizens and residents who are officers, directors or shareholders in certain foreign corporations.
An information return for US persons with certain interests in, or transfers of property to, foreign partnerships. It also covers acquisitions, dispositions and changes in those interests.
A statement of specified foreign financial assets, filed with your income tax return by certain US taxpayers whose foreign assets are above set thresholds. The thresholds depend on filing status and on whether you live in the US or abroad.
A report of foreign bank and financial accounts, filed electronically with FinCEN, not with your tax return. It applies to US persons whose foreign accounts total more than $10,000 at any time during the year. It is due April 15 of the following year, with an automatic extension to October 15.
Which forms and filings apply depends on your entity, ownership, transactions and personal circumstances. Not every business needs every form.
How we work
1. Intake
A short questionnaire and a document checklist.
2. Preparation
Our team prepares your return in Drake Tax.
3. Review
An IRS Enrolled Agent reviews every return before anything is filed.
4. Approve and file
You approve, we file, and you get a copy for your records.
Turnaround is confirmed in your quote.
Know what is due, and when
Get our free compliance calendar for foreign-owned companies. Email us and we will send it to you.
Tell us about your business. We will tell you what applies.
Request a quote or book an introductory call.