got green card recently, 5471 issues and tax planning

Technical topics regarding tax preparation.
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USA
TP and his family members recently got conditional green cards through EB5 process.
They have foreign companies and hold more than 50% of the ownership.
How does the filing of 5471 form work under this situations?
Will they start to file the form for the period of the year they are green card holders and prorate all the income and expenses on the income statement?
Do they need to find the beginning balances on the balance sheet as of the date before they became green card holders?
Also, are there complexities of subpart F and GILTI calculation under this part year situations?

For tax planning purposes, are there any thing TP can do at this stage of the immigration process to minimize tax? I know that they should have done preimmigration tax planning before they got the green card. But want to double check if there is anything they can do now.

Thank you!
 

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