Not filing, filing late or making mistakes on Form 5471 will lead to penalties and unwanted attention. Correctly filing the return is the minimum first step to defending your international tax position.

The IRS recently released guidelines for its revenue officers regarding the pursuit of investigations relating to IRS Audits of US taxpayers with foreign interests.

This practical one-hour online seminar will help you understand the rules for filing Form 5471 and clarify the reporting requirements of U.S. taxation with respect to foreign corporations.
IRS auditors are seeking and using more evidence and information abroad Form 5471 is their road map.

We will cut to the chase and walk through the complex data requirements of Form 5471. Learn the risks of informational gaps and best practice strategies for filing late. Understand the two procedures available for late filers for Forms 5471, 8865 or 5472 to become compliant. Learn what steps to take to ensure you or your clients qualify for 1st time relief from penalties.

Topics
Deciphering IRS Form 5471 Categories and Schedules
Understand transfer pricing compliance
Understanding Subpart F
Dividends, Earnings and Profits and Foreign Tax Credits
Strategies for reporting data with quality issues

Learning Objectives
Saving Taxes with a Late-Filed Form 5471 (Controlled Foreign Corporation)
How to avoid Form 5471 penalties
Avoid missteps to prepare for appeal (requirements to file an appeal)

Develop a personal roadmap for you and your practice

Attract new clients with International Ties
Serve clients that require international tax compliance
Identify scenarios that require analysis or research into international tax

Save

TUESDAY, AUGUST 9 – 11:30 AM – 12:30 PM

Email Address First Name Last Name Company Name Does your firm file taxes? True False Website Message

Oded Hecht

23-03-2018

★★★★★

Very good experience. I had some uncommon and large financial situations abroad as a US Citizen. I just wanted to make sure I am going about it legally and wisely. I am a business executive (Harvard B. School), having interacted with many top lawyers worldwide, and working with Paul was a pleasure and a wise choice. Beyond helping me professionally to solidify a winning strategy through his sound knowledge and experience, the interaction was exceptionally forthcoming and pleasant. I would recommend Paul without any hesitation!

Maria Alexander

04-04-2018

★★★★★

Paul is an excellent attorney for small business owners like myself. He will make the appropriate research and make sure that the documents I have are all in working order and official. Paul always responds to phone my calls immediately, and he works fast whenever I need to have documents prepared quickly. His knowledge has helped me steer my business in the right direction and his advice is always on point and concise. I’ve had the pleasure of using Paul’s services for nearly a decade. During this time I had help with drafting and reviewing the following: several lease contracts, employee contracts, confidentiality and non-disclosure agreements, new client contract/liability waivers, US copyright electronic registrations, independent contractor agreements, website disclosure language, video release forms, and business registrations with the state. Having Paul as an attorney and being able to reach out to him whenever I have an emergency makes me more confident to run my business and I know that if I have a legal problem Paul will be there to help me.

mathew gajewski

25-03-2018

★★★★★

Cool guy, extremely nice and knows his stuff.

Dan Trolaro

16-10-2017

★★★★★

Took the time to listen, ask good questions, and provide good thoughts during initial phone call. Highly recommend giving him a call.

Bill

07-08-2017

★★★★★

Mr. Wigg-Maxwell helped me out with a complicated international inheritance tax question. He was quick to respond with a knowledgeable answer. I would happily bring any future tax issues I have to Mr. Wigg-Maxwell for resolution.