Get the free Schedule J (Form 5471) (Rev. December 2020). Accumulated Earnings & Profits ...

Name: Fillable Online Schedule J (Form 5471) (Rev. December 2020). Accumulated Earnings &amp; Profits (E&amp;P) of Controlled Foreign Corporation Fax Email Print - pdfFiller
Brand: pdfFiller
Rating: 4.7 (50 reviews)

Get Form

Show details

Note: The draft you are looking for begins on the next page. Caution: DRIFTNET FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing

We are not affiliated with any brand or entity on this form

Get, Create, Make and Sign schedule j form 5471

Edit your schedule j form 5471 form online

Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.

Add your legally-binding signature

Draw or type your signature, upload a signature image, or capture it with your digital camera.

Share your form instantly

Email, fax, or share your schedule j form 5471 form via URL. You can also download, print, or export forms to your preferred cloud storage service.

Editing schedule j form 5471 online

Ease of Setup

pdfFiller User Ratings on G2

Ease of Use

pdfFiller User Ratings on G2

Use the instructions below to start using our professional PDF editor:

1

Register the account. Begin by clicking Start Free Trial and create a profile if you are a new user.

2

Upload a document. Select Add New on your Dashboard and transfer a file into the system in one of the following ways: by uploading it from your device or importing from the cloud, web, or internal mail. Then, click Start editing.

3

Edit schedule j form 5471. Add and change text, add new objects, move pages, add watermarks and page numbers, and more. Then click Done when you're done editing and go to the Documents tab to merge or split the file. If you want to lock or unlock the file, click the lock or unlock button.

4

Get your file. Select your file from the documents list and pick your export method. You may save it as a PDF, email it, or upload it to the cloud.

It's easier to work with documents with pdfFiller than you could have believed. Sign up for a free account to view.

Uncompromising security for your PDF editing and eSignature needs

Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.

Learn more about security & compliance

How to fill out schedule j form 5471

01

To fill out schedule J form 5471, follow these steps: 1. Start by entering the entity information at the top of the form, including name, Employer Identification Number (EIN), and tax year. 2. Next, fill out Part I to disclose any changes in specified interests during the tax year. 3. In Part II, report any section 951 or 958(c) inclusions or subpart F income. 4. If applicable, complete Part III to provide information on any section 964 E&P deficits or adjustments. 5. Proceed to Part IV to report section 3121(l) intercompany transactions. 6. In Part V, disclose any section 952(c) inclusions and related taxes. 7. Provide details on section 964(c)(2) income in Part VI, if applicable. 8. Complete Part VII to report subpart F income and related tax consequences. 9. If there are any adjustments to earnings and profits (E&P), fill out Part VIII. 10. Finally, check the box in Part IX if this is the initial or final Schedule J filing for the corporation.

02

Who needs schedule j form 5471?

01

Schedule J form 5471 is required for U.S. persons who are officers, directors, or shareholders of certain foreign corporations. It is also needed by entities that meet the criteria for controlled foreign corporations (CFCs) or have certain transactions with CFCs. Specifically, the following individuals or entities may need to file Schedule J: - U.S. citizens or residents who directly or indirectly own at least 10% of a foreign corporation. - U.S. shareholders of a CFC who experienced an increase or decrease in specified interests during the tax year. - U.S. shareholders who own stock in a foreign corporation that had subpart F income or a section 951 or 958(c) inclusion. - U.S. shareholders who have E&P deficits or adjustments under section 964. It is advisable to consult a tax professional or refer to the IRS instructions for form 5471 to determine if you need to file Schedule J.

Fill form : Try Risk Free

Rate the form

4.7

Satisfied

50 Votes

For pdfFiller’s FAQs

Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

Can I sign the schedule j form 5471 electronically in Chrome?

Yes. You can use pdfFiller to sign documents and use all of the features of the PDF editor in one place if you add this solution to Chrome. In order to use the extension, you can draw or write an electronic signature. You can also upload a picture of your handwritten signature. There is no need to worry about how long it takes to sign your schedule j form 5471.

Can I edit schedule j form 5471 on an iOS device?

Yes, you can. With the pdfFiller mobile app, you can instantly edit, share, and sign schedule j form 5471 on your iOS device. Get it at the Apple Store and install it in seconds. The application is free, but you will have to create an account to purchase a subscription or activate a free trial.

Can I edit schedule j form 5471 on an Android device?

The pdfFiller app for Android allows you to edit PDF files like schedule j form 5471. Mobile document editing, signing, and sending. Install the app to ease document management anywhere.

What is schedule j form 5471?

Schedule J of Form 5471 is used to report the income and distributions of foreign corporations controlled by U.S. shareholders, specifically focusing on the computation of the earnings and profits of the foreign corporation.

Who is required to file schedule j form 5471?

U.S. citizens and resident aliens who are shareholders in certain foreign corporations are required to file Schedule J of Form 5471. This includes individuals who meet specific ownership thresholds or control criteria.

How to fill out schedule j form 5471?

To fill out Schedule J of Form 5471, you need to provide information regarding the foreign corporation's earnings and profits, adjustments to those earnings, distributions made to shareholders, and other relevant financial details about the foreign corporation.

What is the purpose of schedule j form 5471?

The purpose of Schedule J of Form 5471 is to provide the IRS with information about the earnings and profits of foreign corporations, as well as the amounts distributed to shareholders, which helps evaluate tax liabilities related to foreign income.

What information must be reported on schedule j form 5471?

Information that must be reported on Schedule J includes the foreign corporation's current and accumulated earnings and profits, distributions made during the year, and any adjustments to these amounts.

Fill out your schedule j form 5471 online with pdfFiller!

pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.

Get started now