Thank you for taking my question,
I have specific questions about a U.S. Corporation (located in DE) which is 100% owned by a foreign
corporation (located oversees). The U.S. Corp doesn’t have any foreign bank accounts or assets
. Moreover, the Foreign Corp creates products which then the U.S. Corp sells in the U.S. The product is computer software
Do I need to attach the 5472 Form
to my U.S. Corporation tax return
? Is the foreign corporation considered a related party to the U.S Corporation based on the above information?
Is the U.S Corp considered a “25% foreign-owed U.S. Corporation” (as defined by Form 5472 instructions”).
On Form 1120, Do I need to check the box on line 4(a)?
On Form 1120, Do I need to check the box on line 7?
Also, do I need to attach any other special Forms.
I understand that there are several questions here. This is why I am willing to offer a nice bonus for answering all of these questions. Thank you!