The IRSMedic 2020 Form 5471 Guide Part 2: Who has to File Form 5471

The IRSMedic 2020 Form 5471 Guide Part 2: Who has to File Form 5471

Complete Guide here: https://ift.tt/2RN1tun In this video, Anthony Parent and Robert Hanson answer the most common questions taxpayers, CPAs, other tax lawyers, enrolled agents and tax preparers have about who has a Form 5741 filing requirements. Find out the answers to these common Form 5471 preparation and filing questions: • Who should file a Form 5471? • Who must file a Form 5471? • Is an LLC or other limited liability entity considered a corporation for Form 5471? • When employees are given restricted stock or preferred stock, are those reportable on Form 5471? • If you don't own more than 10% of the stock, is there any situation in which you would have to file a Form 5471? • Are there ways that you can legally avoid filing IRS Form 5471? • Is a Form 5471 required if you only own 50%? • Do I need to file Form 8938 if I file Form 5471? • Can I file a Form 5471 separately from a Form 1040 tax return? • When employees acquire more than 10% of stock in a company, are they reportable on Form 5471? • Do I need to file a 5471 if my parents are not U.S. citizens? • Do hedge funds have to file Form 5471? If you or your clients needs help with any Form 5471 issue, from a question about categories to preparing years of unfiled Form 5471s, don't hesitate to contact us. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 (888) info@irsmedic.com https://youtu.be/DIFti6Q0REU IRS Medic