This specialized course offers an introduction to Form 5471, focusing on the intricacies of U.S. tax compliance for foreign corporations, and is tailored specifically for experienced tax advisors, CPAs, and tax preparers interested in international tax planning and compliance. This session is designed to enhance practitioner expertise in handling Form 5471, a critical element for accurately reporting foreign corporations' activities to the IRS. This program will delve into basic reporting requirements, dissect the nuances of the form, and explore strategic approaches to optimize tax outcomes for clients. 

Attendees will gain insights on navigating the complexities of international tax law changes, receive guidance on avoiding penalties, and discover best practices for leveraging tax planning opportunities. This webinar will help attendees sharpen skills, learn how to stay ahead of regulatory updates, and deliver exceptional value to clients while navigating the intricacies of U.S. tax compliance for foreign corporations.

Learning Objectives:

• Outline comprehensive insights into the specific reporting obligations mandated by Form 5471, including the categorization of filers and the nuances of income reporting for foreign corporations


• Evaluate the knowledge to confidently navigate the complex landscape of international tax regulations affecting Form 5471 compliance, ensuring accurate and timely filings


• Identify potential compliance risks and understand the implications of non-compliance, including how to avoid common pitfalls and the hefty penalties associated with incorrect or late filings


• List strategic tax planning opportunities that can arise from a thorough understanding of Form 5471, allowing practitioners to advise on optimizing clients' tax positions while maintaining compliance with U.S. tax laws