What Is The International Tax Lunch?
On the second Friday of every month, HodgenLaw hosts a lunch where we present on a specific topic in International tax for an hour.
Join us via webinar to get your monthly fix of International Tax! You can even receive CE credit for participating. Contact Rachel Allen at firstname.lastname@example.org for more information.
June 2022 : International Tax Lunch: Form 5471: New Schedules Q & R to report CFC Income and Distributions
US Persons who own stock in Controlled Foreign Corporations (CFCs) might be required to file Form 5471. Form 5471 recently gained two new schedules: Q and R. These schedules were added to bridge the gap between the current Form 5471 and new legislative changes.
In this webinar, we’ll do an overview of the new Schedules Q and R of Form 5471. Who is required to file these schedules? What information is required to complete the forms?
Additionally, we will use examples to review situations that require the use of Schedules Q and R, such as Section 962 elections and reporting distributions.