Return by a US Transferor of Property to a Foreign Corporation
In more detail
Form 926 is filed when a US person transfers property, including cash above a threshold, to a foreign corporation. For Americans in the UK the usual trigger is funding a UK limited company: injecting capital or transferring assets in can require the form even where the company is small. It sits alongside the ownership reporting on Form 5471. Because the penalty for failing to file is calculated on the value transferred, it is one to identify before moving money into a foreign company.
Does Form 926 apply to your situation?
Cross-border tax turns on the detail of your circumstances. Book a consultation and we'll tell you exactly where you stand.