Substantial Compliance – Form 5471

Interesting Jurisdictions, U.S. Tax Planning /

Please start by reading this – https://www.mooresrowland.tax/2014/03/the-scariest-us-tax-form-ever.html In 2015, the IRS released a new International Practice Unit (IPU) providing guidance to its examiners on the penalties that apply if certain categories of U.S. shareholders fail to comply with the reporting requirements on Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations. The IRS has […]

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