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.
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, 2022. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 5471?A: IRS Form 5471 is an information return that U.S. persons must file if they have ownership or control over certain foreign corporations.
Q: Who needs to file IRS Form 5471?A: U.S. persons who have ownership or control over certain foreign corporations need to file IRS Form 5471.
Q: What information is required on IRS Form 5471?A: IRS Form 5471 requires information about the foreign corporation, its shareholders, and certain transactions between the corporation and U.S. persons.
Q: When is IRS Form 5471 due?A: IRS Form 5471 is generally due on the same date as the U.S. person's income tax return, including extensions.
Q: What happens if I don't file IRS Form 5471?A: Failure to file IRS Form 5471 can result in significant penalties, including monetary fines.
Q: Can I e-file IRS Form 5471?A: No, IRS Form 5471 cannot be e-filed. It must be filed in paper format and mailed to the appropriate IRS address.
Q: Do I need to file IRS Form 5471 every year?A: If you meet the filing requirements for IRS Form 5471, you will generally need to file it every year.
Q: Are there any exceptions or exemptions to filing IRS Form 5471?A: There are certain exceptions and exemptions to filing IRS Form 5471. Consult a tax professional or the IRS instructions for more information.
Q: What should I do if I have questions about IRS Form 5471?A: If you have questions about IRS Form 5471, it is recommended to consult a tax professional or contact the IRS directly.
Form Details:
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