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University of California Cooperative Extension Mendocino County Roundup December/January 200910 http://cemendocino.ucdavis.edu/newsletterfiles/newsletter82.htm In This Issue page 4H Leaders Day....2

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Individuals or entities who have a certain level of ownership or control in a foreign corporation may need to fill out the 5471pub read-only form.

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The 5471pub read-only form is used to report certain information about the foreign corporation, its activities, and its financial transactions to ensure compliance with U.S. tax laws and regulations.

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What is 5471pub read-only?

5471pub read-only is a read-only version of Form 5471, which is used to report information about certain foreign corporations.

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Certain U.S. citizens, residents, and domestic corporations that own or control foreign corporations are required to file 5471pub read-only.

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Information such as income, assets, liabilities, and transactions of the foreign corporation must be reported on 5471pub read-only.

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