Foreign Owners of Domestic Corporations and Preparing Form 5472 Webinar

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.
Highlights
Form 5472 filing requirements apply to foreign-owned domestic corporations and domestic disregarded entities, as well as foreign corporations engaged in a U.S. trade or business. Complex attribution rules mean that identifying the reporting requirements can be a difficult task, and the penalty risk is high. 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.