Form 5471 is called “Information Return of U.S. Persons With Respect to Certain Foreign Corporations.” Unlike your regular tax return, it doesn’t calculate a tax you owe. Instead, it reports information about your foreign corporation to the IRS.
Read the On-Site Blog: https://anucpa.com/blogss/what-u-s-citizens-need-to-know-about-form-5471-for-foreign-corporations/
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