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Level 2
January 9, 2020

Form 5471

  • January 9, 2020
  • 1 reply
  • 7 views

My clients, husband and wife, own company (LTD) in foreign country. Do they need to file form 5471?

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1 reply

itonewbie
Level 15
January 9, 2020

Probably.  Take a look at this, which clearly spells out who needs to file.

https://www.irs.gov/instructions/i5471#idm140173667247152

---------------------------------------------------------------------------------Still an AllStar