This course will delve into the Form 5472 - Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. In this course, we will:
- Review the statutory provisions requiring reporting and key concepts
- Review the form, by scheduled, and potential required attachments and the coordination with the core income tax return it is filed with
- Discuss the IRS’ increased focus in this area and increased penalties
- Discuss the reporting for foreign owned U.S. DRE
- Review filing requirements and how to avoid costly mistakes
- Review available options for remediation
Rita leads Wolf’s International Tax Practice, where she focuses on tax planning and compliance for international holdings. Rita has extensive experience advising clients on the tax aspects of cross-border business activities, structuring...
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