Do I have to fill in form 5471 at all?

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Subject Author Date Do I have to fill in form 5471 at all? A Wieser 03-11-2008  Re: Do I have to fill in form 5471 at all? Alan 03-11-2008  Re: Do I have to fill in form 5471 at all? A Wieser 03-11-2008  Re: Do I have to fill in form 5471 at all? Alan 03-11-2008  Re: Do I have to fill in form 5471 at all? jmail7 03-12-2008  Re: Do I have to fill in form 5471 at all? removeps-groups@yahoo.com 03-12-2008
Posted by removeps-groups@yahoo.com on March 12, 2008, 9:59 pm Please log in for more thread options > Who Has To File is defined in the instructions (too long to print > here). Typically, it's someone who owns 10% of a foreign corp. or > adds 10% ownership or adds enough to get to 10% ownership or > someone who controls a foreign corp.http://www.irs.gov/pub/irs-pdf/i5471.pdf Is that 10% of just public companies only, or both public and private? The PDF link above does not have the word "public" in it except in the table of codes, so I'm guessing it applies to all corporations. And why would the government want to know about these companies anyway? Does it affect the taxes they take in? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Form 5471 Worksheet A - Can anyone explain how to fill in section 1? March 6, 2008, 8:32 am how do you properly fill out a W4 form? March 2, 2008, 9:51 pm taxable year of foreign corporation for form 5471 and section 898 March 13, 2008, 12:53 pm Where do I report dividends paid on Form 5471 Schedule C or Schedule F March 12, 2008, 9:23 am Do we need to fill Schedule C for sleeping LLC (Sole Prop.) ? January 21, 2010, 11:17 pm IRS follies: form 56 fiduciary vs. form 8822 change of address April 21, 2008, 9:54 pm IRS form SS-8 Worker Determination Form April 9, 2009, 11:37 pm form 211 and form 3949A January 10, 2008, 9:07 am Form 1099 -- Which Form to Use March 28, 2008, 3:39 pm 990 form March 30, 2007, 3:18 am