I absolutely need international (foreign) tax
I am a US citizen residing in Turkey (do not pay any state taxes)
a) I have a Corp created in Turkey in Jan 2012 owning 96%, i am director, in the decision making, on the board, etc, but no salary
b)and bought 100 shares of another corp in Costa Rica (paid some money to the previous foreign owner and injected some money into the corp) owning 100% shares but do not have control on day to day decisions, no salary, not on the board, no access to company bank accounts, etc
I have an individual income tax
return extension till Oct 15,2013
I have prepared form 5471 and 926 for both companies.
a) Very important? What other forms, if any, need to be filled out?
b) Do I not have to sign these forms? I do not see where to sign.
c) I assumed that there is no need to fill in 1120-F since there is no activity whatsoever of these corporations with and within USA (no trade, no office, no agents etc). Is that correct?