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 IRS Form 5471Information Return of U S Persons with 2023-2024

5471 2023-2024 Form

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we'll be going over IRS form 5471 information return of U.S persons with respect to certain foreign corporations so this is a form that a lot of taxpayers won't see however this was actually a request from someone watching a video posted on IRS form 89.90 which in some cases has to do with information that you would find on form 5471 so if this form is for taxpayers that meet certain category of requirements where they have to provide the IRS information uh related to their relationship with certain foreign corporations uh and there are a couple of statutory requirements for this so Internal Revenue code 6038 which you'll see in the instructions for this form that has to do with the information reporting requirements when it comes to certain foreign corporations and Partnerships and then 6046 specifically gives guidance as to the returns of an organization or reorganization for foreign corporations and stock Acquisitions so certainly you can peel into this into the Internal Revenue cod

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