Cross-border tax and fractional CFO support.

Yes. A Canadian resident who owns a US single-member LLC must file Form 5472 along with a pro-forma Form 1120 each year. Failure to file carries an automatic $25,000 penalty per year per entity. If the LLC has elected to be treated as a C-Corporation it files a full Form 1120; if elected as an S-Corporation it is not eligible because S-Corps cannot have nonresident alien shareholders. We bring foreign-owned LLCs into compliance and advise on whether a C-Corp election, restructuring, or treaty positioning is the right move.

Form 1120 is the US Corporation Income Tax Return filed by C-Corporations, which pay federal tax at the entity level (flat 21%). Form 1120-S is the US Income Tax Return for an S Corporation, which is a pass-through entity where income, deductions, and credits flow to shareholders via Schedule K-1 and are reported on each shareholder's personal Form 1040. Form 1120 is due April 15. Form 1120-S is due March 15. See our Form 1120 vs 1120-S comparison section above for a full breakdown.

NRIs who are US citizens, Green Card holders, or who meet the Substantial Presence Test must file Form 1040 and report worldwide income each year, regardless of where they live. NRIs with US-source income such as rental property, US dividends, or US capital gains generally file Form 1040-NR. Indian bank accounts (NRE, NRO, FCNR) over $10,000 in aggregate at any point during the year trigger FBAR filing. Indian mutual funds are classified as PFICs by the IRS and require a separate Form 8621 for each fund held.

Typical triggers include revenue between $1M and $20M, preparing for a capital raise or acquisition, complex multi-entity or multi-state structures, persistent cash flow problems, or needing a real financial model and forecast for the first time. Fractional CFO engagements run roughly $3,000 to $12,000 per month, which is about 25% to 40% of the cost of a full-time CFO (typically $200,000 plus in total comp). For most companies under $20M in revenue, fractional delivers better value because you only pay for the senior expertise you actually need.

FBAR stands for Report of Foreign Bank and Financial Accounts (FinCEN Form 114). Every US person (citizen, resident, entity) must file FBAR if the aggregate value of all foreign financial accounts exceeded $10,000 at any point during the calendar year. Critically, the threshold is the maximum balance at any point in the year, not the year-end balance. FBAR is filed separately from your tax return through the BSA E-Filing System. Penalties for non-willful failure to file start at $10,000 per report.

Three consecutive years of missed Form 990, 990-EZ, or 990-N triggers automatic revocation of tax-exempt status under IRC 6033(j). To regain exempt status you must file Form 1023 (or 1023-EZ if eligible) along with a reasonable cause statement explaining why the filings were missed, plus all delinquent Form 990 returns. Donors lose deductibility for contributions made during the revoked period unless retroactive reinstatement is granted. We handle the full reinstatement process and have a strong success rate with reasonable cause acceptance.

Fees are flat per engagement, never hourly billing surprises. Typical ranges: cross-border individual returns from $800; Form 1120 and 1120-S filings from $1,500; Form 990 filings from $1,200; NRI compliance bundles (1040 plus FBAR plus FATCA plus PFIC) from $1,800. Fractional CFO engagements run $3,000 to $12,000 per month depending on scope. We provide a flat-fee proposal in writing after the discovery call so you know exactly what you are paying before you commit.

Often, yes. We frequently coordinate directly with Indian CAs for Form 67 and DTAA positioning, with Canadian CPAs for T1 and corporate filings on the Canadian side, and with US bookkeepers and controllers on monthly close. If your existing accountant is reactive and compliance-only, we add a strategic layer. If they are already strategic, we complement on the cross-border specialty. We will tell you honestly whether you need to replace anyone or just add specialized capacity.