Low-cost Form 8975 — country-by-country report

Form 8975 — who files it, when it is due, what late filing costs, and what we charge to prepare it. United States (IRS). Low-cost Form 8975 with a fixed fee agreed in writing before any work starts. Call the 24-hour helpline on +1 (416) 619-0068, or request a written quote today.

  • 15+Years of cross-border experience
  • 18,000+Clients served
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  • 4Global offices — India, USA, Canada & UAE

Secure a fixed quote

Your own file sets the fee. Send it over, and a written quote arrives before anything is prepared.

24-hour helpline: +1 (416) 619-0068
  • 24-hour helpline: +1 (416) 619-0068
  • Google rating 5.0 out of 5
  • Offices in India, the USA, Canada and the UAE
In 60 words

Form 8975 is an information return: The country-by-country report: revenue, profit, tax paid, employees and assets for every jurisdiction a large group operates in. The ultimate parent of a US-headquartered multinational group above the revenue threshold for country-by-country reporting.

Who has to deal with this

The ultimate parent of a US-headquartered multinational group above the revenue threshold for country-by-country reporting.

This is the point most filings get wrong. This report is read by every tax authority in the group's footprint through information exchange, so an inconsistency between it and a local transfer-pricing file is discovered by the authority rather than by the group.

The team at work in the open-plan office

Fixed fees for form 8975 country by country report, agreed up front

What drives the fee on a country-by-country report is the number of jurisdictions in the group's footprint and whether the data already exists in one place. A group whose consolidation system already tags revenue, tax and headcount by entity is straightforward; one assembling the same figures from separate local ledgers, each on its own accounting basis, is the longer engagement. Fixed fee agreed in writing first.

Master file & CbCR — fixed-fee price

From $2,500

fixed, quoted before work starts

The group-level documentation and the country-by-country report, prepared so they agree with each other and with every local file in the footprint.
See the full fee page

Transfer pricing — local file — fixed-fee price

From $2,500

fixed, quoted before work starts

The local file for one entity: functional analysis, method selection with the alternatives explained, comparables with the search documented, and the results tested against the range.
See the full fee page

Transfer pricing documentation

From $2,500

fixed, quoted before work starts

Benchmarking and documentation for related-party dealings, prepared to the standard the reviewing authority applies.
See the fee schedule

Corporate cross-border filing

From $999

fixed, quoted before work starts

The corporate return and its cross-border schedules as one engagement, so the group files a consistent position everywhere.
See the fee schedule

Foreign asset & information reporting

From $349

fixed, quoted before work starts

Foreign holdings mapped once — accounts, real property, shareholdings — then reported to each authority in the form it requires.
See the fee schedule

Individual tax filing

From $349

fixed, quoted before work starts

Returns for people whose tax position did not stay in one country, including the years residence itself is in question.
See the fee schedule

Payroll & mobility setup

From $999

fixed, quoted before work starts

What an employer owes when an employee works in another country: the registrations, the withholding and the reporting that follow.
See the fee schedule

Non-resident & departure filings

From $349

fixed, quoted before work starts

Arrival and departure years priced as one engagement, with the part-year residence position and the assets deemed disposed of on exit.
See the fee schedule

All published fees on one page — the complete list of what each engagement costs, stated as figures rather than ranges.

What the reporting test actually looks at

What decides whether Form 8975 applies
What the test looks atWhere the figure comes from
The obligationThe country-by-country report: revenue, profit, tax paid, employees and assets for every jurisdiction a large group operates in.
Who it bindsThe ultimate parent of a US-headquartered multinational group above the revenue threshold for country-by-country reporting.
Jurisdiction and authorityUnited States — IRS
Category of filingInformation return

When it is due

Information returns are generally due with — or on the same timetable as — the return they accompany, so the deadline is the filing deadline of the underlying return unless the rules set a separate date. Where an extension covers the return, confirm whether it also covers this form; several information returns keep their own date. The deadline is set out in writing with the engagement, along with what has to be in our hands to meet it.

What late or missed filing costs

The penalty on an information return is charged per form and per year, and it does not depend on tax being owed. That is the whole risk profile: a filer with no tax to pay can still accumulate a substantial liability across unfiled years, and the exposure compounds with each additional entity or account that should have been reported. We quantify the exposure in writing before recommending a route, so the decision is made on numbers rather than on anxiety.

The arithmetic, worked through

It is easier to see with numbers attached.

Why three small accounts are reportable

Three ordinary foreign accounts, none of which looks like a reporting problem on its own. The account report is tested on the aggregate of all foreign financial accounts at their highest point in the calendar year.

Why three small accounts are reportable
ItemAmount
Current account, highest balanceUS$3,000
Savings account, highest balanceUS$2,000
Account held with a relative, signature authority onlyUS$2,000
Aggregate tested against the thresholdUS$7,000
Reporting threshold (verified, FinCEN)US$10,000

On these balances the aggregate stays below the threshold, so no report is due for the year — but the test is the highest balance at any point in the year, not the year-end balance, so a single transfer through an account can change the answer. Your version of this table is the useful one, and it takes a short call and a document pack to produce.

Treat these numbers as a worked example rather than advice — they exist to make the mechanics visible, and the rates and thresholds are assumed for the illustration. For a real filing, we verify each figure with the authority that publishes it, for your year.

How we prepare and file it, and what it costs

Form 8975 is priced as part of the filing set it travels with, quoted in writing before any work begins. A change in scope is re-quoted rather than added to the invoice. See the certificate of residency — Canada, US, India for comparable engagements.

How we handle it

  1. 1We start with the chronology: dates, countries, and what has already been filed
  2. 2You get the scope and the fee in writing before we touch anything
  3. 3The work is prepared and reviewed by a named person, not a queue
  4. 4Nothing is filed until you have read it
  • A 24-hour helpline, +1 (416) 619-0068, before you commit to anything.
  • Authorisation with each authority, so we see the assessments and slips directly rather than asking you for them.
  • Fixed fees agreed before any work starts, so the number in the quote is the number on the invoice.

If that describes your position, the next step is a short call — not a form.

Reviewed for the 2025 and 2026 filing seasons by Udit Gupta, Cross-Border Tax Expert, Legal Quotient Consultants. This is general information rather than advice about your file — a short call is the way to get the second.

Foreign asset report, in practice

The subject here is Form 8975, which is what people mean when they search for foreign asset report. This page covers who it applies to, the filings it produces, and the fixed fee agreed before work begins.

This report is read by every tax authority in the group's footprint through information exchange, so an inconsistency between it and a local transfer-pricing file is discovered by the authority rather than by the group.

The four phases of the work

  1. Send the documents as they are

    No tidying required — forward what you have and we tell you what is missing.

  2. Get a fixed quote in writing

    Priced from your actual documents before any work begins, not estimated after.

  3. Both countries prepared together

    One team builds the filings against each other so the relief lands exactly once.

  4. Review, then file

    You approve the finished work before we file it.

How form 8975 country by country report is handled here

Factor Legal Quotient Hourly billing model
Pricing A fixed fee, agreed in writing before work starts Hourly, billed as incurred
Experience 15+ years of cross-border work, 18,000+ clients Varies by file
Both sides of the border Prepared together by one team, so relief is claimed exactly once One country at a time, reconciled later
Who reviews it A named practitioner, published on the page Whoever the queue reaches
Where the work happens Our offices in India, the USA, Canada and the UAE Whichever single office you can travel to

Key terms behind this page, defined

Faceless assessment
India's electronic assessment process, conducted without a designated officer meeting the taxpayer and on deadlines running from the notice.
Part-year resident
Someone resident for only part of a tax year. Worldwide income is reported for the resident period and source income for the rest, with credits prorated to the resident portion.
Chapter 4 withholding
The FATCA withholding regime, which turns on an institution's or entity's status classification rather than on the character of the income.
Pillar Two
The global minimum tax rules, which compute a group's effective tax rate jurisdiction by jurisdiction from adjusted accounting data no existing return produces.
form 8975 country by country report: The practitioner's note

This report is read by every tax authority in the group's footprint through information exchange, so an inconsistency between it and a local transfer-pricing file is discovered by the authority rather than by the group.

None of what follows shifts the terms. Scope and fee are settled in writing before anything is prepared, the result carries a named reviewer, and nothing is filed unseen.

Fixed fees around form 8975 country by country report

The second half of the work is consistency. Because the report reaches every authority in the footprint through exchange, the figures have to sit alongside the group's transfer-pricing files and local returns without contradicting them, and each constituent entity's classification has to be decided rather than inherited from last year's spreadsheet.

Corporate cross-border filing

$999fixed, before work starts

Covers: Corporate returns with foreign income, related-party reporting and cross-border structures, for companies of any size.

See this fee page

Foreign asset & information reporting

$349fixed, before work starts

Covers: Foreign holdings mapped once — accounts, real property, shareholdings — then reported to each authority in the form it requires.

See this fee page

What working with us on form 8975 country by country report looks like

4 global offices

Meet us in person in India, the USA, Canada and the UAE, or send everything through the secure portal — the same process either way.

Late and missed years are ordinary work

An unfiled history is not a reason to wait longer. We assess what is still open and what relief the delay attracts before the first return goes in.

The quote comes from your documents

Nothing is priced from a phone call. We read what you have first, then the fee is set — so the scope and the number are agreed on the same evidence.

The order of filing is planned, not improvised

Which return goes first decides whether relief can be claimed at all. That sequence is worked out before anything is submitted.

The team reviewing a file together at a desk

Form 8975 country by country report — the four phases

Step 1

First conversation

We start with the chronology: dates, countries, and what has already been filed

Step 2

Written quote

You get the scope and the fee in writing before we touch anything

Step 3

Preparation and sign-off

The work is prepared and reviewed by a named person, not a queue

Step 4

Submission

Nothing is filed until you have read it

The firm’s founder at his desk in the Delhi office

From first document to filed return

  • Step 1: Hand over the paperwork in any state – Sorting it is our job. Send what exists and we identify what is missing from it.
  • Step 2: Priced before a single form is opened – The fee comes from the documents, agreed in writing, and stays where it was agreed.
  • Step 3: One position across every return – The same facts, filed consistently on each side, so nothing contradicts anything else.
  • Step 4: Filed after you have read it – The completed work reaches you before it reaches an authority.

Quoted up front, in writing.

Contact Us 24-hour helpline +1 (416) 619-0068

Keep reading, sideways

Every link below is a full page of its own — the same depth as this one, for its own subject.

Core services for this situation

Intercompany loans & thin capitalisation The full guide to intercompany loans thin capitalisation, with the fee fixed before any work starts.
Permanent establishment in India — service PE and secondments Its own page: permanent establishment in India — service PE and secondments — mechanism, deadlines and published fees.
Delinquent FBAR submission Everything on delinquent FBAR submission, at the same depth as this page.
Crypto and the FBAR question Crypto and the FBAR question — the guide, the FAQ and the fixed fee.
Form RC4288 — taxpayer relief request The full guide to rc4288 taxpayer relief request, with the fee fixed before any work starts.
Indian TP documentation & Form 3CEB Its own page: Indian tp documentation & form 3ceb — mechanism, deadlines and published fees.
Global mobility calendar & day tracking Everything on global mobility calendar & day tracking, at the same depth as this page.
Form 706 — US estate return Form 706 US estate return — the guide, the FAQ and the fixed fee.
US person with a foreign business The full guide to US person with a foreign business, with the fee fixed before any work starts.

Who we bring this work to

Software developers — your filing calendar The full guide to software developers your filing calendar, with the fee fixed before any work starts.
Airline pilots — your filing calendar Its own page: airline pilots your filing calendar — mechanism, deadlines and published fees.
Professors & lecturers — relief you're probably missing Everything on professors & lecturers relief you're probably missing, at the same depth as this page.
Tax for non-resident landlords Non-resident landlords tax — the guide, the FAQ and the fixed fee.
Non-resident landlords — relief you're probably missing The full guide to non-resident landlords relief you're probably missing, with the fee fixed before any work starts.
Construction & contracting — relief you're probably missing Its own page: construction & contracting relief you're probably missing — mechanism, deadlines and published fees.
Agriculture & agri-tech cross-border tax Everything on agriculture & agri-tech cross border tax, at the same depth as this page.
Airline pilots — what you owe in each country Airline pilots what you owe in each country — the guide, the FAQ and the fixed fee.
Tax for seafarers & mariners The full guide to seafarers & mariners tax, with the fee fixed before any work starts.

The corridors we work every week

Canada–Germany tax corridor The full guide to Canada Germany tax, with the fee fixed before any work starts.
Morocco tax for expats — country guide Its own page: morocco tax for expats — mechanism, deadlines and published fees.
Sri Lanka tax for expats — country guide Everything on Sri Lanka tax for expats, at the same depth as this page.
Canada–UAE tax corridor Canada UAE tax — the guide, the FAQ and the fixed fee.
South Africa tax for expats — country guide The full guide to South Africa tax for expats, with the fee fixed before any work starts.
Zambia tax for expats — country guide Its own page: zambia tax for expats — mechanism, deadlines and published fees.
New Zealand tax for expats — country guide Everything on New Zealand tax for expats, at the same depth as this page.
Iceland tax for expats — country guide Iceland tax for expats — the guide, the FAQ and the fixed fee.
Indonesia tax for expats — country guide The full guide to Indonesia tax for expats, with the fee fixed before any work starts.

The people on your file

Five named practitioners, each with the part of a cross-border file they carry. Every page on this site says who reviewed it, and the reviewer is one of these people rather than an unnamed team.

Udit Gupta

Udit Gupta

Cross-Border Tax Expert

CA (ICAI), In-Depth Tax Trained

Reviews and signs off the practice's cross-border positions, and carries final responsibility for the treaty analysis on every file that leaves the office.

Abhinav Gupta

Abhinav Gupta

Canada Tax / International Tax

Canada Tax, International Tax, Cross-Border Tax, Transfer Pricing

Canadian returns with foreign income, non-resident filings, and the transfer-pricing documentation that runs alongside intercompany work.

Raghav Gupta

Raghav Gupta

International Tax

International Tax, Transfer Pricing Specialist

Benchmarking, method selection and the local-file and master-file sets that support a group's pricing policy under examination.

Anmol Mittal

Anmol Mittal

Canada and US tax

CPA Canada, CPA USA, CA (ICAI)

Files that have to be right on both sides of the border at once — dual filings, streamlined catch-ups, and the foreign tax credit reconciliation between them.

Vinayak Indolia

Vinayak Indolia

CFO advisory

CPA, CA. Fractional CFO and Senior Advisory Specialist

Groups that need the tax position and the finance function to agree: structure reviews, intercompany policy, and the reporting a board can act on.

Meet the whole team

Cross-border tax case studies

Case study 1

A Foreign Affiliate Return Filed Years Late

The reporting obligation on a company held abroad runs separately from the corporate return and carries its own exposure. The work is reconstructing the surplus position across the open years before any filing goes in.

Read how this one runs
Case study 2

A Second Opinion on a Return Already Filed

A cross-border return prepared on one side only is usually right in isolation and wrong in combination. The review checks residence, source and relief in that order, and says plainly whether an amendment is worth making.

Read how this one runs
Case study 3

Never Filed a US Return — and Only Just Found Out

Born in the United States, left as an infant, and told by a bank that the returns were owed all along. The work is sequencing: establish which years are actually open, choose the catch-up route on the facts rather than filing quietly, and claim the exclusions and credits that were never taken.

Read how this one runs
Case study 4

One Employee in a State Nobody Had Registered In

A single person working from home can create payroll registration, withholding and sometimes an income tax filing for the company in that state. The review measures activity against each state's own threshold.

Read how this one runs
Case study 5

A Canadian Employer With Staff in the United States

Employing someone in the US creates federal and state obligations that begin with registration, not with the first return. Which states are engaged is decided by where the work happens rather than where the company is.

Read how this one runs
Case study 6

A Company Abroad Owned by a US Person

A business incorporated where the owner lives is a foreign corporation to the IRS, with a reporting package of its own and schedules that need local accounts restated. Classification comes first, because it decides what is reportable and when profits are taxed.

Read how this one runs
Case study 7

A Retirement Plan That Grows Tax-Deferred in Only One Country

Cross-border retirement accounts are recognised by treaty, but the deferral usually has to be elected rather than assumed. The engagement checks whether the election was made, makes it where it was missed, and reports the account on whichever side requires it.

Read how this one runs
Case study 8

An Assignment Priced Without Counting the Days

Nearly every relief in a mobility file — treaty exemption, residence, social security — is decided by a day count that has to be evidenced. The engagement puts the tracking in place at the start, because it cannot be reconstructed at the end.

Read how this one runs

All case studies — every published engagement in one place.

Core International & Cross-Border Tax Services

International Tax Planning & Advisory

Strategy and compliance for income, assets and families spread across borders.

One coordinating team: filings on every side of the border are sequenced so treaty relief and foreign tax credits are claimed once — and in the right country.

U.S. & Cross-Border Tax Returns

Dual filers: U.S. citizens in Canada and Canadians with U.S. income run two parallel systems — we prepare both, in the right order, every year.

Expat & Emigration Tax

The move year is its own project: the elections and valuations filed that year decide the next decade of both countries’ returns.

Non-Resident Canadian Tax

Default withholding is 25% of gross: elective returns routinely turn over-withheld rent and pensions into refunds.

Transfer Pricing & BEPS

Documentation prepared with the return is the cheapest insurance in international tax; reconstructing it during an audit is the most expensive.

Cross-Border Estates & Trusts

Wills drafted for one country routinely misfire in the other — deemed disposition here, estate tax there, credits in between.

Cross-Border Corporate Tax

Expansion raises the same four questions every time — entity, PE, repatriation, payroll. We answer them before the tax authorities do.

India Tax for NRIs & Returning Residents

The deduction is taken on the sale price, not the gain — which is why an NRI property sale strands cash unless the certificate is applied for before closing.

Canadian Tax with a Foreign Element

Residency is decided on facts, not on a form — and the year you arrive or leave is the one where the largest amounts turn on the smallest details.

UAE Tax for Expats & Their Home Country

A zero-tax country is only half the answer — the question that decides the bill is whether the country you came from still treats you as resident.

Industries & Client Types We Serve Worldwide

Global E-commerce & Marketplaces
Technology & SaaS
Professional Services Firms
Cross-Border Real Estate
Importers, Exporters & Manufacturers
Athletes, Artists & Entertainers
Remote Workers & Digital Nomads
Investment Funds & Holding Companies

Global E-commerce & Marketplaces

  • Foreign VAT / GST / sales tax registrations
  • Marketplace withholding reviews
  • Inventory nexus & PE analysis
  • Multi-currency books reconciled
Explore E-commerce & Marketplaces

Technology & SaaS

  • Cross-border revenue sourcing & withholding
  • IP structuring with real substance
  • Equity for cross-border teams
  • U.S. expansion: entity & PE setup
Explore Technology & SaaS

Importers, Exporters & Manufacturers

  • Transfer pricing documentation (s.247)
  • Customs value vs transfer price
  • Foreign affiliate reporting (T1134)
  • Country-by-country reporting
Explore Trade & Manufacturing

Athletes, Artists & Entertainers

  • Reg 105 & U.S. CWA agreements
  • Multi-state & country calendars
  • Touring income allocation
  • Royalty & image-rights withholding
Explore Athletes & Entertainers

Remote Workers & Digital Nomads

Working from anywhere doesn't mean taxed nowhere: residency defaults, employer payroll exposure and treaty relief decide where income actually lands.

Working from another country does not by itself end tax residence in the one you left, and it can start one where you are sitting. Day counts, ties, the employer's own exposure and the treaty tie-breaker all point at the same question, and the year you move is the year it has to be answered on paper.

  • Residency analysis before moving
  • Employer payroll exposure
  • Totalization & social security
  • Foreign tax credits
Explore Remote Workers

Investment Funds & Holding Companies

  • Treaty access & PPT reviews
  • FAPI & surplus computations
  • Withholding-efficient routing
  • Governance & substance
Explore Funds & Holdcos

Form 8975 — questions we are asked

Do I file Form 8975 even if no tax is owed?

Information return obligations of this kind are generally required on the facts rather than on the tax result, so a nil position does not remove one. The ultimate parent of a US-headquartered multinational group above the revenue threshold for country-by-country reporting.

What happens if I have missed Form 8975 for several years?

Missed years are dealt with as a package rather than one at a time, because the route chosen for the first year affects the relief available for the rest. We map the years and the obligations before anything is filed.

Is Form 8975 the same as the other reports I already file?

No. The country-by-country report: revenue, profit, tax paid, employees and assets for every jurisdiction a large group operates in. Satisfying a different obligation, even one covering the same accounts or entity, does nothing for this one.

What is OECD Pillar One?

The part of the international agreement that reallocates a share of taxing rights over the very largest and most profitable groups to the jurisdictions where their customers and users are, regardless of physical presence — plus a simplified approach to routine marketing and distribution returns. It is aimed at the digitalised economy problem that physical-presence rules could not reach, and its implementation is still moving, which is why we read the current instrument rather than the original blueprint. See BEPS and Pillar Two.

Do I need transfer pricing documentation?

If your company transacts with a related party in another country, in substance yes — the question is how much. Documentation is what shifts the burden: prepared before the filing deadline it evidences that your pricing was set on arm's length terms, and its absence is what turns a pricing adjustment into a penalty in several regimes. Volume of related-party dealings drives whether you need a local file, a master file, or a full benchmarking study. See do I need transfer pricing documentation.

What does a transfer pricing benchmarking study do?

It evidences that your related-party pricing sits within the range independent parties achieve. The work is comparison: identify companies or transactions genuinely similar in function, risk and assets, compute their margins, and show where your result falls against that range. Done before the filing deadline it supports the position; produced afterwards under audit it carries far less weight. See benchmarking study.

Fixed fee agreed before we start

Let us take Form 8975 off your desk

Describe what happened and which countries are involved; the fee comes back in writing before anything begins.

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  • Offices in India, the USA, Canada and the UAE
  • Re-quoted, never silently invoiced

Our practitioners are alumni of leading accounting and tax institutions

Where our partners studied — CPA Canada (In-Depth Tax Program), AICPA, the Institute of Chartered Accountants of India and the Malaysian Institute of Accountants.

Request a Quote +1 (416) 619-0068