Instructions for IRS Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations

IRS Form 5471 Schedule O Organization or Reorganization of Foreign Corporation, and Acquisitions and Dispositions of Its Stock

This document contains official instructions for IRS Form 5471 , Information Return of U.S. Persons With Respect to Certain Foreign Corporations - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 5471 Schedule O is available for download through this link.

FAQ

Q: What is IRS Form 5471?A: IRS Form 5471 is an information return that must be filed by U.S. persons who are shareholders in certain foreign corporations.

Q: Who needs to file IRS Form 5471?A: U.S. persons who are shareholders in certain foreign corporations must file IRS Form 5471.

Q: What information is required on IRS Form 5471?A: IRS Form 5471 requires information such as the name of the foreign corporation, details about the ownership structure, and financial information.

Q: When is the deadline to file IRS Form 5471?A: The deadline to file IRS Form 5471 is generally the same as the individual's income tax return due date, including extensions.

Q: What are the consequences of not filing IRS Form 5471?A: Failure to file IRS Form 5471 can result in significant penalties imposed by the IRS.

Q: Are there any exceptions or exemptions to filing IRS Form 5471?A: Yes, there are certain exceptions and exemptions for filing IRS Form 5471, depending on the ownership percentage and other factors.

Q: Can I e-file IRS Form 5471?A: No, IRS Form 5471 cannot be e-filed and must be submitted in paper format to the appropriate IRS address.