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Form 5471 and FBAR
Hi
I did setup an international company outside the US few years back. I reported it in the 2020 Tax Return using Form 5471
During 2020, I completed stopped all connection and activities with the company, withdraw all the funds, closed the bank accounts with this company...etc.
Do I need to do anything related to the company in 2021 Tax Return? or should I just not file 5471 and that's it?
Also, since I reported that bank account in 2020 Tax Return FBAR and now the bank account is closed, should I mention anything about that bank account in 2021 Tax return or just not include the closed bank account in FBAR
Thank you
‎January 29, 2022
10:15 AM