IRS 5472 2012 free printable template

Enter all information in Part I OMB No. 1545-0805 Information about Form 5472 and its separate instructions is at www.irs.gov/form5472. Additional Information Yes No If the answers to questions 1 and 2a are Yes were the documents used to support this treatment of the imported goods in existence and available in the United States at the time of filing Form 5472. Cat. No. 49987Y Rev. 12-2012 Form 5472 Rev. 12-2012 Page Related Party see instructions Check applicable box Is the related party a...

How to fill out form 5472 2012

How to fill out IRS 5472

1. Obtain IRS Form 5472 from the IRS website or through tax preparation software.
2. Fill out Part I of the form, providing identifying information about the reporting corporation.
3. Complete Part II by listing the related foreign corporation and relevant financial transactions.
4. Ensure you provide all necessary tax identification numbers for both the reporting corporation and the foreign corporation.
5. Complete Part III if applicable, detailing the types of transactions between the reporting corporation and the foreign entity.
6. Review the form for accuracy and completeness.
7. Sign and date the form as required.
8. Attach the completed Form 5472 to your income tax return (Form 1120 or Form 1120-F) and file it by the due date.

Who needs IRS 5472?

1. Foreign corporations that are engaged in a trade or business in the United States.
2. U.S. corporations that are owned or controlled, directly or indirectly, by a foreign person.
3. Any U.S. business that had transactions with a foreign related party during the tax year.

Instructions and Help about form 5472 2012

Forum 54 72 is an information tax return that must be filed by reportable corporations that have reportable transactions with related parties a reporting corporation is generally an u.s. corporation that is 25% foreign owned or a foreign corporation that is engaged in a trade or business in the U.S. in part one you have basic information about the reporting corporation such as its name address employer identification number total assets and business activity online 1f you list the total payments made or received as reported on this 54 72 note that a separate form 54 72 is required for each related party that there are reportable transactions for example if a reporting corporation has reportable transactions with two related parties then two forms 54 72 should be filed one for each of the related parties line 1g asks how many forms 54 72 are being filed by the reporting Corporation and line 1h asks for the total payments made or received for all 54 72 s if the reporting corporation is part of an affiliated group filing an u.s. consolidated tax return then a consolidated form 54 72 can be filed by the group you list the country of incorporation the country where the reporting corporation files its tax return as a resident and the principal country where it conducts business on line 2 you check the box if the reporting corporation had a 50 percent or greater foreign shareholder part 2 needs to be completed only by US corporations foreign corporations engaged in a trade or business in the United States can skip part 2 entirely the term 25% foreign owned can be a bit misleading to be considered 25 percent foreign owned the U.S. corporation must have at least one direct or indirect 25 percent foreign shareholder if an u.s. corporation were owned 20 percent each by five foreign persons that were unrelated to each other you might think that the U.S. corporation would be 25 percent foreign owned, but it wouldn't be because it doesn't have a 25 percent for shareholder a reporting corporation can have direct form shareholders and indirect foreign shareholders on lines one and two of part two you list the basic information about the direct 25% foreign shareholders and on lines three and four you list the basic information about the ultimate indirect 25% foreign shareholders' revenue procedure ninety-one — 55 has some examples of situations of direct 25% foreign shareholders and ultimate indirect 25% foreign shareholders part three of forum 54 72 lists the information about the related party for which there were reportable transactions as mentioned before a separate forum 54 72 is prepared for each related party that there are reportable transactions this part 3 identifies which related party the 54 72 is being filed for parts four and five are completed only for reportable transactions with foreign related parties if the transactions are with us related parties you still need to file form 54 72, but you do not need to list the amounts in parts four or five...

People Also Ask about

What is a w9 form used for?

Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example: Income paid to you. Real estate transactions. Mortgage interest you paid.

Can I download and print tax forms?

You can e-file directly to the IRS and download or print a copy of your tax return.

Who needs to fill out a W9?

You will need to fill out a W-9 form if you: Classify yourself as an independent contractor or “freelancer.” Are not a full-time employee of the business. Will be paid more than $600 for work provided to the business.

What is a W9 and when is it required?

Form W-9 is a commonly used IRS form for providing necessary information to a person or company that will be making payments to another person or company. One of the most common situations is when someone works as an independent contractor for a business.

What is the main IRS form?

Form 1040 is used by U.S. taxpayers to file an annual income tax return.

How do I get an official IRS form?

They include: Downloading from IRS Forms & Publications page. Picking up copies at an IRS Taxpayer Assistance Center. Going to the IRS Small Business and Self-Employed Tax Center page. Requesting copies by phone — 800-TAX-FORM (800-829-3676).

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What is IRS 5472?

IRS Form 5472 is an information return used to report certain transactions between a reporting corporation and a foreign or domestic related party.

Who is required to file IRS 5472?

A reporting corporation, which is typically a foreign-owned U.S. corporation or a domestic corporation with 25% or more foreign ownership, is required to file IRS Form 5472.

How to fill out IRS 5472?

To fill out IRS Form 5472, you need to complete the required sections regarding the reporting corporation and related parties, provide information on reportable transactions, and include necessary certifications and signatures.

What is the purpose of IRS 5472?

The purpose of IRS Form 5472 is to provide the IRS with information about foreign and domestic transactions that may affect U.S. tax liabilities, ensuring compliance with U.S. tax laws.

What information must be reported on IRS 5472?

IRS Form 5472 requires reporting of information such as identifying details of the reporting corporation, details of related parties, and specifics of reportable transactions including amounts and types of transactions.