Contact Details

• Estimate •

Entity Information

Entity Type

Entity State

Tax year followed for US Entity

• Estimate •

Foreign state, Subsidiaries and Sharesholders Information

Do you operate or registered in California? (eg, Physical office, payroll employees etc)

Do you operate or registered in any other state of US?

Did you had a subsidiary outside USA during the tax year?

How Many?

Did your subsidiary bank account(s) collectively had more than $10000 during Jan to Dec?

At the end of tax year, does the corporation had any foreign shareholding > 25%

How many shareholders holding 25% or more?

How many shareholders (>25%) had reportable transactions during tax year (Bonus, dividend, etc) between entity and themselves?

CPA recommends to report >25% foreign shareholders, even if there are no reportable transactions to avoid unnecessary notice in future. Would you want to file?

• Estimate •

Transactions and Activity

Does the entity had any bank transactions during the tax year?

How many transactions?

Do you want Tranquility Consulting to prepare Profit / Loss and Balance Sheet for the Tax year?

Did you pay any lawyer or legal firm in the year 2023 (Jan to Dec 2023)

How many Lawyers/Law Firm did you pay?

Did you pay any non-corporations (eg. Individuals, LLCs, consultants etc.) >= $600 during Jan to Dec 2023)

How many Non-Corps did you pay?

Does the US entity in net profitable position during the tax year?

Enter the approximate net profit in USD

Does the US entity hold / held assets > $10 Mn during the tax year?

We estimate

See Breakdown

Form 1099 filing

State Franchise Tax And Annual Report

Form 1120 (corporation)

Form 5471 (Subsidiary Corporation reporting)

Form 5472 (> 25% foreign shareholder reporting)

Foreign Bank account reporting FBAR (FInCEN)

State Franchise Tax and Annual Report

Federal Income Tax @21% (approximately) (if profitable)

Form 1120 (corporation) / Form 1065 (for LLCs) / Form 1040 / 1040NR (for Individuals and SMLLC)

State Income tax (varies by state)

Book Keeping

State Income Tax Returns

TBD*

(This will vary based on actual revenue from each state. Tranquility Consulting will calculate this for you)

Discount (Limited Time)

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With a team consisting of skilled accountants, fractional CFOs, and tax specialists, we are recognized as a leading accounting firm. Our commitment lies in assisting businesses of any scale to establish a solid financial base and accomplish their objectives.