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Form 5471 Information Return of U

Form 5471 Information Return of U

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[Music] well this is my little video on schedule o for form 5471 it's a two-page forum it is fouled in the year that a shareholder acquires shares of a foreign corporation the first year of fouling is when the shareholder requires 10 or more of the foreign corporation and then it's filed any year after that where brochures are acquired or disposed of so it starts are pretty easy here at line one the name of the person falling that's me brian dooley in this example we have the name of the foreign corporation international tax counselors limited remember to put in the tax id quite often this name could be that of a another corporation like a c corporation law is a little unclear as to what happens if it was a s corporation well not both the corporation and the u.s shareholders file the form so the safest thing to do is to file it twice be i'm sorry part one here to be completed by u.s officers in my example i am an officer if i was not an officer it would

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