This specialized course offers an introduction to Form 5471, focusing on the intricacies of U.S. tax compliance for foreign corporations, and is tailored specifically for experienced tax advisors, CPAs, and tax preparers interested in international tax planning and compliance. This session is designed to enhance practitioner expertise in handling Form 5471, a critical element for accurately reporting foreign corporations' activities to the IRS. This program will delve into basic reporting requirements, dissect the nuances of the form, and explore strategic approaches to optimize tax outcomes for clients. 

Attendees will gain insights on navigating the complexities of international tax law changes, provide guidance on avoiding penalties, and discuss best practices for leveraging tax planning opportunities. This webinar will sharpen skills, demonstrate how to stay ahead of regulatory updates, and deliver exceptional value to clients while navigating the intricacies of U.S. tax compliance for foreign corporations.

Learning Objectives:

• Outline comprehensive insights into the specific reporting obligations mandated by Form 5471, including the categorization of filers and the nuances of income reporting for foreign corporations


• Evaluate the knowledge to confidently navigate the complex landscape of international tax regulations affecting Form 5471 compliance, ensuring accurate and timely filings


• Identify potential compliance risks and understand the implications of non-compliance, including how to avoid common pitfalls and the hefty penalties associated with incorrect or late filings


• List strategic tax planning opportunities that can arise from a thorough understanding of Form 5471, allowing practitioners to advise on optimizing clients' tax positions while maintaining compliance with U.S. tax laws

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222