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-   -   For 5471 - foreign corporation's annual accounting period (https://www.askmehelpdesk.com/showthread.php?t=815989)

  • Sep 8, 2015, 08:38 AM
    FennyK
    For 5471 - foreign corporation's annual accounting period
    I am US citizen, and own more than 50% of share of a Pvt Ltd company in India. I need to fill out Form 5471. In India Tax Period is April to March. So, when I fill out Form 5471 for year 2014, for which of the following accounting period of numbers I need to add for the foreign corporation. In form 5471, it is mentioned that (tax year required by section 898).
    -April 1 2013 to March 31 2014
    -April 1 2014 to March 31 2015
    -Jan 1 2014 to Dec 31 2014
  • Sep 9, 2015, 05:35 AM
    AK lawyer
    April 1 2013 to March 31 2014. " Except for information contained on Schedule O, report information for the tax year of the foreign corporation that ends with or within your tax year." See http://www.irs.gov/pub/irs-pdf/i5471.pdf

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