Form 5713

Form 5713

A form that a corporation or individual files with the IRS to report operations in a country boycotting Israel. For example, a company may be required to file Form 5713 if it exports to Saudi Arabia. These operations do not automatically mean that a company loses tax benefits, but the operations must be declared anyway.
References in periodicals archive ?
Taxpayers file Form 5713, International Boycott Report, with their Federal income tax returns to report operations in countries known to participate in boycotts not condoned by the United States.
Most taxpayers file Form 5713, International Boycott Report, with their Federal income tax return to report operations in countries known to participate in boycotts not condoned by the United States.
a) International Boycott Transactions: Transactions disclosed on Form 5713, International Boycott Report:
Form 5713 -- Tax Effect of the International Boycott Provisions.
Less than 3 percent of all taxpayers filing Form 5713, however, reported tax consequences.
a) International boycott transactions: Transactions disclosed on Form 5713, International Boycott Report, Schedule A, International Boycott Factor (Section 999(c)(1)); Schedule B, Specifically Attributable Taxes and Income (Section 999(c)(2)); and Schedule C, Tax Effect of the International Boycott Provisions, must be completed when required by their instructions.
2] Taxpayers must file a Form 5713 if they or any of the following have operations in, or related to, a boycotting country: a controlled group in which they are a member, a foreign corporation in which they have stock, a partner, or a trust owned by the taxpayer.
The total number of taxpayers filing Form 5713 for the same decade, in comparison, has declined less than 7 percent.
2003-66, except that it notes the schedules that must be filled in for purposes of transactions disclosed on Form 5713.
Additionally, taxpayers are required to file Form 5713 if they are any of the following:
Taxpayers are required to report these operations on Form 5713, International Boycott Report, filed each year with their Federal income tax returns.
International boycott transactions disclosed on Form 5713.