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 Minimum Financial Requirements Worksheet Form 260 237 2 2013

2013-2025 Form

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Video instructions and help with filling out and completing Minimum Financial Requirements Worksheet Form 260 237 2

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Instructions and help about Minimum Financial Requirements Worksheet Form 260 237 2

okay in this video i wanted to address a common question i get which is if i have a cfc so a controlled foreign core do i really need to file form 5471 each year with my tax return and this is often asked because somebody sets up a foreign corporation and there's no activity or the company is losing money and they're thinking well do i really need to include this disclosure the short answer is yes you absolutely still need to to to file this form with your tax return so i have one slide in front of us we'll go through some of the basic rules and an example and then cover the filing obligations itself so just a bit of background for those who aren't familiar a controlled foreign corporation or cfc is a foreign court which is owned more than 50 percent by u.s persons on any day during the year so a u.s person is anybody that meets this definition here under internal revenue code section 7701 a3 and so u.s people include u.s citizens and residents so that&a

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