Are Form 1120 Schedule M 3 Impairment 2019-2024

Hello everyone, thank you for all the questions since our last video. I really appreciate the increasing support and interest in our company services. So, after a lot of time, I decided to inform you about what you need to do when you have a UK company and you are a citizen. You had some time to think about what kind of entity you have and how you registered in the United Kingdom. Now, you would like to register this company in America and see how it will be treated from the Internal Revenue Service's perspective. But, you really have to consider how much ownership you have in your company. Whether you have more than ten percent ownership, less than ten percent ownership, more than fifty percent ownership, or less than fifty percent ownership. These are the two major aspects you have to look at. Alright, let's start with less than ten percent ownership in the UK company and being a US citizen. You don't need to do anything. All you need to do is enjoy the ownership and don't forget to get your dividends. You don't need to file any tax return with the Internal Revenue Service. In the situation where you have more than ten percent ownership, then you have things to consider. You may have a staff filing requirement. There is a form called 5471, called US persons having an interest in a foreign company. So, whether you have to file it or not, you have to think about it before you open a company. If you have more than ten percent ownership in this company, then the IRS will be looking for a tax return and will be looking forward to seeing your filing when you have a change in the ownership of this company. In the first year,...