We have published a video that discusses Form 5471 Category 4 Filer and Category 5 Filer requirements where a U.S. citizen and his nonresident alien spouse own shares in a foreign corporation. The video can be viewed at our Youtube channel.
The posts on this blog have not been verified for accuracy. You should consult an attorney for legal advice regarding your own situation. These posts are not updated for changes in the tax laws. Further, these posts should not be relied upon for any purpose whatsoever.