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IRS Form 5471
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Form 5471 Webinar Series: Subpart F Income

Portrait of Phil Hodgen

Phil Hodgen

Attorney, Principal

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Subpart F income can be considered passive income from a controlled foreign corporation. US shareholders report their pro rata share of Subpart F income as gross income on their income tax returns. In this session, we explore the different types of Subpart F income so you know when you see it and how it flows through to the US shareholder's income tax return.