Get Form 5471 Schedule O

Filling out the Form 5471 Schedule O is crucial for reporting the organization or reorganization of foreign corporations and their stock transactions. This guide will provide step-by-step instructions to help you complete the form online accurately and efficiently.

Follow the steps to complete the Form 5471 Schedule O online

1. Click ‘Get Form’ button to access the form and open it in your desired format.
2. Begin by entering the name of the person filing Form 5471 and their identifying number at the top of the form. Next, provide the name of the foreign corporation involved.
3. Important: If multiple foreign corporations require information to be reported, ensure you complete a separate Schedule O for each one.
4. In Part I, fill out the details for U.S. officers and directors. Include the names and addresses of shareholders for whom acquisition information is reported.
5. For each shareholder, indicate their identifying number, the date of their original 10% acquisition, and any additional acquisitions.
6. Section A focuses on general shareholder information. List each shareholder filing this schedule, along with their address and identifying number.
7. Additionally, provide information about the shareholder's latest U.S. income tax return, including the type of return filed and the date submitted.
8. Complete Section B with the names and addresses of U.S. persons who are officers or directors of the foreign corporation, along with their social security numbers. Check the appropriate boxes for their roles.
9. In Section C, detail the acquisition of stock by including the name of shareholders, class of stock acquired, date of acquisition, method of acquisition, and the number of shares.
10. Similarly, Section D addresses the disposition of stock. Provide the necessary details, such as the shareholder's name disposing of stock and the date of disposition.
11. Section E requires information on the organization or reorganization of the foreign corporation. Fill out the transferor's name and address, as well as the assets transferred.
12. Conclude with Section F, where you may need to provide additional information regarding any prior U.S. income tax returns filed, reorganizations, and chain of ownership details.
13. After completing all sections, ensure all details are accurate before saving your changes. You can then download, print, or share the form as needed.

Start filling out your Form 5471 Schedule O online today!