Tax-Ready Financial Statement

Tax-Ready Financial Statements
TRFS + U.S. Corporate Tax Filing
One Seamless Workflow

No tax-ready financial statements?

No problem.

CrossBorderstax helps U.S. corporations and foreign-owned U.S. companies prepare Tax-Ready Financial Statements (TRFS) for U.S. corporate tax filing.

From financial records to Form 1120 filing, we help organize your data, prepare tax-ready financial statements, and support your corporate tax return with licensed U.S. CPA review.

Start Free Pre-Assessment Form

What Is TRFS?

TRFS stands for Tax-Ready Financial Statements.

It means your financial records are prepared in a format suitable for U.S. corporate tax filing, including Form 1120 and, where applicable, Form 5472.

TRFS is designed for businesses that do not yet have complete financial statements, or whose records need to be organized before a U.S. corporate tax return can be prepared.

Who Needs TRFS?

TRFS may be required if your company:

Does not have complete financial statements
Only has bank statements, platform reports, or sales records
Uses Amazon, Shopify, Stripe, PayPal, or other payment platforms
Has inventory, refunds, platform fees, or multiple sales channels
Needs financial statements prepared before Form 1120 filing
Is a foreign-owned U.S. company with Form 5472 reporting requirements

What We Prepare

Depending on your business records and filing needs, TRFS may include:

Tax-ready income statement
Tax-ready balance sheet
Revenue and expense classification
Bank and payment platform reconciliation
Inventory and cost of goods sold support
Related-party transaction review
Financial data mapping for Form 1120 preparation

TRFS Is Not Generic Bookkeeping

TRFS is not ordinary monthly bookkeeping.

It is focused on one goal:

Preparing financial statements that are ready for U.S. corporate tax filing.

Our workflow is designed to support Form 1120 filing, foreign ownership review, Form 5472 analysis, and CPA-level tax review.

How It Works

1. Start Free Pre-Assessment

Answer a few basic questions about your entity type, ownership, revenue level, and financial statement status.

2. Receive Your Recommended Service Path

Our system identifies whether your company may need tax filing only, TRFS + tax filing, or CPA review.

3. Submit Your Intake and Documents

After checkout, you complete the intake form and upload your supporting records.

4. TRFS Preparation

We organize your records and prepare tax-ready financial statements for corporate tax filing.

5. CPA Review and Tax Filing

Your filing is reviewed by a licensed U.S. CPA before submission.

Why TRFS Matters

Without tax-ready financial statements, corporate tax filing can be delayed, inaccurate, or incomplete.

TRFS helps reduce filing friction by turning business records into structured financial statements before tax preparation begins.

This allows the CPA review process to focus on tax judgment, filing accuracy, and compliance instead of basic data organization.

TRFS + Tax Filing

CrossBorderstax combines TRFS with U.S. corporate tax filing in one workflow.

You do not need to separately find a bookkeeper, prepare financial statements yourself, and then look for a tax preparer.

We help move your records through one coordinated process:

Financial Records → TRFS → CPA Review → Form 1120 / Form 5472 Filing

Common Data Sources

We can work with records such as:

Bank statements
Credit card statements
Amazon reports
Shopify reports
Stripe reports
PayPal reports
Payroll reports
Inventory reports
Prior-year tax returns
Existing accounting exports

CPA Reviewed

AI-assisted tools may help improve speed and consistency, but professional judgment remains essential.

All filings are reviewed by a licensed U.S. CPA before submission.

AI supports preparation. CPA review ensures professional oversight.

Start with a Free Pre-Assessment

Not sure whether you need TRFS, Form 1120, Form 5472, or a filing-only package?

Complete our free Pre-Assessment to receive your recommended next step.

[Start Free Pre-Assessment]