SPEAKER
Grensy Håland, Managing Director, Fideli fideli.ch
TOPIC and CONTENT
A step-by-step guide to identifying U.S. LLC reporting obligations, reviewing Schedules K-1 and K-3, and preparing Form 5472.
- Entity classification drives filings: Disregarded LLCs vs. corporate elections and partnership/PTP investments determine which U.S. forms apply (e.g., 5472, 1042-S, 1120-F, 1120, K-1/K-3, 8805) and how income is taxed (passive vs. active, ECI, withholding).
- Form 5472 focus: When required, who is a reporting corporation, and how to properly complete it, including key compliance risks and common mistakes.
- Penalties and remediation: Significant penalties for noncompliance (starting at $25,000), with potential relief options such as reasonable cause, first-time abatement, and delinquent or streamlined filing procedures.
SPEAKER CV
GRENSY HALAND is a U.S. CPA and compliance-focused professional who founded Fideli in 2024, specializing in tax compliance, cross-border structuring, and foreign trust reporting. She brings over 15 years of experience advising high-net-worth individuals and trustees managing complex trust structures across the U.S., Switzerland, and international jurisdictions. Her career includes senior leadership roles such as Head of Client Tax Compliance at Credit Suisse and PwC, where she led advisory teams, managed regulatory risks, including FATCA, CRS, U.S. tax compliance, and international tax reporting, and worked closely with clients on structuring, reporting, and tax-efficient strategies. Earlier experience at Moore DM and EY further strengthened her expertise in U.S. international tax, trust reporting, and regulatory compliance. She holds a Master of Accounting in International Tax and a Bachelor of Accounting from the University of Florida, is a licensed Florida CPA, and has completed executive education at Stanford Graduate School of Business. She also holds a STEP Diploma in International Trust Management and completed Securities Law training at Cornell University.
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