International Tax Lunch: Foreign Owners Of Domestic Corporations And Preparing Form 5472

Description

Foreign owners of domestic corporations and foreign corporations engaged in a U.S. trade or business may have to file Form 5472. Complex attribution rules mean that identifying the reporting requirements can be a difficult task. Learn how to identify when a Form 5472 is required, what types of attribution rules may apply and some of the major issues that need to be reported on Form 5472.

Highlights

• Form 5472
• Attribution rules
• Engaged in a U.S. trade or business
• US owner of foreign corporation

Objectives

• Identify the Form 5472 filing requirements.
• Recognize what attribution rules apply and common situations in which Form 5472 is required because of attribution rules.
• Apply attribution rule concepts to prepare Form 5472.
• Recognize when a foreign corporation is engaged in a U.S. trade or business.

Designed For

Lawyers and CPAs.