Webinar: Form 5471, Schedules J and P: Previously Taxed Earnings and Profits

Presenter: Phil Hodgen

This session provides a practical overview of reporting previously-taxed earnings and profits (PTEP) on Form 5471, focusing on Schedules J and P. Learn how to properly track and report PTEP, understand the interaction between subpart F income, GILTI, and distributions, and avoid common errors that can trigger IRS scrutiny. The presentation covers key compliance requirements and common pitfalls to help ensure accurate and efficient filings.