Attend upcoming webinar and earn continuing education credits. Mastering Form 5471 for Interests in Foreign Entities | | | | | | | February | | 28 | 1 pm - 2:40 pm ET | | Presenter: John Samtoy, Principal at HCVT | | Credits: CPE, CLE in all states (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time after the live presentation, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | Reporting a US person's interest in a foreign corporation on Form 5471 can be a daunting task with hefty penalties for late or non-filing. In this webinar, you will learn how to comply with Form 5471 requirements. Upon completion of this course, you will be able to: - Understand current enforcement environment including the applicable penalties
- Recognize when a Form 5471 filing is required
- Identify how to file past due returns and mitigate penalties via options such as:
- Claims of reasonable cause,
- Delinquent International Information Return Submission Procedures,
- Streamlined Filing Compliance Procedures
- Offshore Voluntary Disclosure Program
- Determine direct, indirect, and constructive ownership of foreign corporations
- Explain how to properly report financial and informational items on the return
- Understand the impact of Subpart F and Section 956 inclusions on tax returns
- Describe how to review Form 5471 for errors & omissions.
| | | | | | | John Samtoy is a principal at HCVT where he specializes in international tax consulting and compliance services. Mr. Samtoy is a Certified Public Accountant with expertise in advising clients with cross border assets. He received his master's degree in accounting and taxation from San Diego State University. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 1,000 on-demand courses | | | | | |
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