What is Form 5471 and who needs to file it?

Form 5471 is an IRS information return required for U.S. persons who are officers, directors, or shareholders of certain foreign corporations. Failure to file can result in penalties of $10,000 or more per form.

What is Form 5472 and when is it required?

Form 5472 is required for 25%-foreign-owned U.S. corporations or foreign corporations engaged in a U.S. trade or business that have reportable transactions with related parties. Penalties for non-filing start at $25,000.

Do I need an international tax specialist near Chicago?

If you own a foreign business operating in the U.S., are a U.S. person with foreign assets, or are an expat with cross-border tax obligations, an international tax specialist can help you stay compliant and minimize your tax burden. Qorri Tax Service serves clients in Chicago, Park Ridge, and throughout Illinois.

What is GILTI and how does it affect my business?

GILTI (Global Intangible Low-Taxed Income) is a U.S. tax provision that requires U.S. shareholders of controlled foreign corporations to include certain income in their tax returns. Proper planning can significantly reduce GILTI exposure.

About Tajma Qorri

International Tax Consultant | 10+ Years of Experience

About the Practice

Qorri Tax Service is a boutique federal and international tax practice serving individuals and businesses. We handle your complete tax engagement — federal returns, state compliance, and international reporting — all under one roof. No need for multiple firms. International tax is where we specialize, but we manage the entire project from start to finish. We focus on the technical issues that general practitioners rarely encounter - foreign entity reporting, withholding compliance, GILTI/NCTI planning, and the intersection of U.S. tax rules with foreign operations.

Our work is project-based and solution-oriented. Whether you need a single Form 5471 prepared, a complete compliance review of your international structure, or ongoing advisory support, we provide focused expertise without the overhead of large-firm engagement.

Based in Park Ridge, Illinois, Tajma Qorri is a federal and international tax advisor with over a decade of experience advising individuals and businesses on all aspects of U.S. tax compliance, with deep expertise in cross-border tax matters. She works with clients throughout the Chicago area and beyond, providing practical, detail-driven guidance designed to bring clarity to highly technical tax issues.

Tajma specializes in federal tax preparation and international tax planning and compliance, with a strong focus on inbound and outbound structures, foreign entity reporting, and cross-border transactions. Her experience includes advising on FATCA considerations, expatriate and impatriate taxation, and complex international reporting requirements, including Forms 5471, 8858, 1042, GILTI, and FDII.

Known for her approachable style and deep technical expertise, Tajma focuses on helping clients understand what matters, why it matters, and what steps to take next. Her work is project-based and solution-oriented, with an emphasis on accuracy, clear documentation, and practical strategies that support informed decision-making.

Tajma is a graduate of DePaul University and has been recognized for her leadership and professionalism during her tenure at Plante Moran, which was featured in Fortune's "100 Best Companies to Work For" during the COVID-19 pandemic.

Experience

-10+ years focused on U.S. international tax for closely held and mid-market businesses
-Hands-on work with Forms 5471, 8858, 8865, 5472, 1042, and related foreign disclosures
-Experience coordinating with foreign advisors across Europe, Asia, and Latin America
-Work with investor-backed and founder-led companies preparing for diligence and transactions
-GILTI/NCTI planning, Section 962 elections, and entity structure optimization
-Remediation of historic international filing gaps and IRS notice responses

Tajma Qorri is a federal and international tax advisor with over 10 years of experience helping individuals and businesses with comprehensive U.S. tax preparation and complex cross-border tax matters. Qorri Tax Service provides practical, project-based guidance focused on clarity, accuracy, and confident decision-making.