Are you interested in tax form 5471?

Form 5471 is a complex IRS tax form to record share ownership in foreign corporations. Be in compliance with the filing requirements if you have shares in a foreign company.

Should I fill out this form?

Tax Form for Foreign Companies

IRS form 5471 is a form used for US persons to disclose their ownership in a foreign corporation. While most expats & US persons owning foreign companies may not know about this tax form, it has very important tax implications in regards to compliance with the IRS for foreign shareholdings.

The tax form comprises of 7 different Schedules (A,B,C,F,G,I,E-1) and 7 separate Schedules (E-1, H, I-1, J, M, O, P), with varying levels of filing requirements based on which category you are. It’s also important to understand when and how to file this 5471 form as it may reveal other necessary tax form filings for foreign transactions. Penalties for non-compliance of section 6038(a), which form 5471 falls under, can be high.

This is why we created this form 5471 online tool to help you assess if you need to file this tax form, and what category you may fall under.

Should I fill out form 5471?

Please correct the following error(s):
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Result:
You are most likely Category 1. See the details on the page to review the category definition, form 5471 filing requirements, and possible exceptions to filing.
You are most likely Category 2. See the details on the page to review the category definition, form 5471 filing requirements, and possible exceptions to filing.
You are most likely Category 3. See the details on the page to review the category definition, form 5471 filing requirements, and possible exceptions to filing.
You are most likely Category 4. See the details on the page to review the category definition, form 5471 filing requirements, and possible exceptions to filing.
You are most likely Category 5. See the details on the page to review the category definition, form 5471 filing requirements, and possible exceptions to filing.
The input data suggests no required filing of form 5471, however its highly suggested to seek professional tax advice for confirmation.
Note: own= directly/indirectly/constructively

Disclaimer: This is an online tool to help with identifying which category you are for filing form 5471. Like any automated online tool, it has its own limitations, and exceptions may occur in more complex foreign shareholding cases, so it's always suggested to seek professional advice from a tax accountant. This tool does not constitute nor replace professional tax advice.
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