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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 G-1
for the current year.
IRS Form 5471 Schedule G-1 Cost Sharing Arrangement
What Is IRS Form 5471 Schedule G-1?
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, 2021. 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 G-1?
A: IRS Form 5471 Schedule G-1 is a tax form used to provide information about a cost-sharing arrangement.
Q: What is a cost-sharing arrangement?
A: A cost-sharing arrangement is an agreement between two or more parties to share the costs of developing intangible property, such as intellectual property or technology.
Q: Who needs to file IRS Form 5471 Schedule G-1?
A: US persons who are shareholders in a foreign corporation engaged in a cost-sharing arrangement need to file IRS Form 5471 Schedule G-1.
Q: What information is required on IRS Form 5471 Schedule G-1?
A: IRS Form 5471 Schedule G-1 requires information about the cost-sharing arrangement, including the names and addresses of the parties involved, the terms of the arrangement, and the allocation of costs.
Q: When is IRS Form 5471 Schedule G-1 due?
A: IRS Form 5471 Schedule G-1 is typically due with the filer's income tax return, including extensions.
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 G-1 through the link below or browse more documents in our library of IRS Forms.
