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  • Schedule O Form 5471 2011

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SCHEDULE O Form 5471 Organization or Reorganization of Foreign Corporation and Acquisitions and Dispositions of its Stock Rev. May 2001 Department of the Treasury Internal Revenue Service OMB No. 1545-0704 Attach to Form 5471. Cat. No. 61200O Directly Indirectly Constructively Schedule O Form 5471 Rev. 5-2001 Page f Amount paid or value given g Name and address of person from whom shares were acquired Section D Disposition of Stock Amount received Date of disposition of disposition Section E Organization or Reorganization of Foreign Corporation Assets transferred to foreign corporation Description of assets Fair market value Date of transfer Adjusted basis if transferor was U.S. person securities issued by foreign corporation Section F Additional Information for any of the last 3 years attach a statement indicating the year for which a return was filed and if applicable the name of the corporation filing the consolidated return the taxable income or loss and the U.S. income tax paid af....

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Schedule o 5471 instructions Questions & Answers

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The Form 5471 statute of limitations (the period of time in which the IRS may assess penalties for noncompliance with this reporting requirement) typically expires 3 years from that April 15th date – or the later date if the due date of tax return was timely extended.

U.S. citizens and U.S. residents who are officers, directors, or shareholders in certain foreign corporations are responsible for filing Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations.

Form 5471 Schedule O – Organization or reorganization of foreign corporation, and acquisitions and dispositions of its stock (Part I to be completed by U.S. officers and directors, Part II to be completed by U.S. shareholders)

Form 5471 is used by certain U.S. persons who are officers, directors, or shareholders in certain foreign corporations. The form and schedules are used to satisfy the reporting requirements of sections 6038 and 6046, and the related regulations.

To put it simply, any US citizen, corporation, partnership, trust, or estate who has at least 10% ownership of a foreign corporation, is generally required to file Form 5471 at least once, any many have to file Form 5471 every year.

The Internal Revenue Code authorizes the IRS to impose a $10,000 penalty for failure to file substantially complete and accurate Form 5471 returns on time. An additional $10,000 continuation penalty may be assessed for each 30 day period that noncompliance continues up to $60,000 per return, per tax year.

What's the deadline for filing Form 5471? For individual taxpayers, the deadline for filing Form 5471 is the same deadline for filing your tax return – April 15 for those in the US, and June 15th for those who reside abroad.

If the information is not filed within 90 days after the IRS has mailed a notice of the failure to the U.S. person, an additional $10,000 penalty (per foreign corporation) is charged for each 30-day period, or fraction thereof, during which the failure continues after the 90-day period has expired.

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Keywords relevant to Schedule O Form 5471 2011

  • E--Organization
  • A--General
  • 61200O
  • 2001
  • B--U
  • taxable
  • constituting
  • Dispositions
  • constructively
  • applicable
  • Reorganization
  • Percentages
  • indirectly
  • shareholder
  • disposing
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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232