Form 5472

Form 5472

A form that an American corporation files with the IRS if it is at least 25% owned by non-U.S. interests. The form reports information on the non-U.S. shareholders as well as potentially taxable transactions between these shareholders and the company.
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FOSM LLCs must now report their business information and file IRS pro-forma Form 1120 with Form 5472, an information return for foreign-owned corporations.
persons who own shares in certain foreign corporations), Form 5472 (for U.S.
1.6038A-1 and 1.6038A-2, a domestic corporation that is 25% foreign-owned must maintain records regarding its transactions with related parties and submit information to the IRS on an annually filed information return, Form 5472, Information Return of a 25% Foreign-Owned U.S.
(2) The transactions are reported on Form 5472, Information Return of a 25-Percent Foreign-Owned U.S.
market proves to be fertile ground for foreign investors and companies, there are some complicated issues that must be addressed in order to avoid fines and penalties such as the completion of Form 5472. Companies that are at least 25% owned by non-US shareholders must disclose this information to the IRS via this form which can be a bit confusing.
In addition, certain taxpayers may need to comply with reporting requirements that are impacted by section 1059A, such as IRS Form 5472. (11)
Persons With Respect to Certain Foreign Corporations, or form 5472, Information Return of a 25% Foreign-Owned U.S.
6038C) on Form 5472, Information Return of a 25% Foreign-Owned U.S.
New York, NY, August 28, 2010 --(PR.com)-- Joining the notable panel of speakers for KC's Form 5472 for Foreign Investors Live Webcast is the distinguished National Director of International Tax Compliance & Quantitative Consulting Services, Ernst & Young LLP, David B.
trade or business, to report transactions with related foreign persons on IRS Form 5472, which is filed as an attachment to the corporation's U.S.
A corporation that becomes at least 25% foreign owned may be required to file form 5472, Information Return of a 25% Foreign-Owned U.S.
* Definitions of terms used in the statute, Sec 6038A; * Information to be submitted and the filing of the return, Form 5472, on an annual basis; * Maintenance of records; * Monetary penalty for failure to furnish information or maintain records; * Agent authorization; * Failure to furnish information requested by a summons; and * Noncompliance penalty for failure to authorize an agent or for failure to comply with a summons.