PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 5471
for the current year.
IRS Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
What Is IRS Form 5471?
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. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 5471?
A: IRS Form 5471 is an Information Return of U.S. Persons With Respect to Certain Foreign Corporations.
Q: Who needs to file IRS Form 5471?
A: U.S. persons who meet certain ownership requirements in a foreign corporation need to file IRS Form 5471.
Q: What information is required to be reported on IRS Form 5471?
A: IRS Form 5471 requires information about the foreign corporation's assets, income, and transactions with related parties, as well as information about the U.S. person's ownership in the corporation.
Q: When is the deadline to file IRS Form 5471?
A: The deadline to file IRS Form 5471 is generally the same as the taxpayer's income tax return due date, including extensions.
Q: Are there any penalties for not filing IRS Form 5471?
A: Yes, there are penalties for failing to file or filing an incomplete or inaccurate IRS Form 5471. The penalties can be substantial, so it is important to comply with the filing requirements.
Q: Can I e-file IRS Form 5471?
A: No, IRS Form 5471 cannot be e-filed. It must be filed on paper and attached to the taxpayer's income tax return.
Q: Is IRS Form 5471 only for individuals?
A: No, IRS Form 5471 is not only for individuals. It is also applicable to certain entities, such as corporations, partnerships, and trusts, that meet the ownership requirements.
Q: What are the consequences of not filing IRS Form 5471?
A: The consequences of not filing IRS Form 5471 include potential penalties, loss of certain tax benefits, and increased risk of IRS scrutiny or audit.
Q: Do I need to report IRS Form 5471 every year?
A: If you meet the ownership requirements in a foreign corporation, you generally need to file IRS Form 5471 for each year that you meet the criteria.
Form Details:
- A 6-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 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations
1
2
3
4
5
6
