I'm currently a US resident alien.
What are the tax implications of owning a controlling stake in a UK private limited company?
It is unclear how complex filing is and what financial implications are.
So my question is - how complex is the filing? What are the financial implications (even if no income is drawn)?
I have been reading this https://www.irs.gov/instructions/i5471 and it is unclear what category I'd even be filing under. (my suspicion is category 4)
I understand that as soon as income is received that must be declared and will be covered in the UK-US tax treaty to avoid double taxation.