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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 5471 Schedule H
for the current year.
IRS Form 5471 Schedule H Current Earnings and Profits
What Is IRS Form 5471 Schedule H?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2020. The document is a supplement to IRS Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 5471 Schedule H?A: IRS Form 5471 Schedule H is a form used to report current earnings and profits of a foreign corporation.
Q: Who needs to file IRS Form 5471 Schedule H?A: US persons who own 10% or more of a foreign corporation are required to file IRS Form 5471, including Schedule H if applicable.
Q: What is the purpose of IRS Form 5471 Schedule H?A: The purpose of IRS Form 5471 Schedule H is to report the current earnings and profits of a foreign corporation.
Q: When is the deadline for filing IRS Form 5471 Schedule H?A: The deadline for filing IRS Form 5471, including Schedule H, is the same as the deadline for filing your federal income tax return, typically April 15th.
Q: Are there any penalties for not filing IRS Form 5471 Schedule H?A: Yes, there are penalties for not filing IRS Form 5471, including Schedule H. The penalty for failing to file can be as high as $10,000 per form, with additional penalties for continued non-compliance.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 5471 Schedule H through the link below or browse more documents in our library of IRS Forms.
