Ask Experts Questions for FREE Help !
Ask
    zenjk's Avatar
    zenjk Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Aug 24, 2011, 08:14 AM
    When to file the form 5471?
    Hello All,
    I have a question related to Form 5471 filling and hope that the experts here will be able to help me.

    We started a offshore dev center in India in 2006 with local initial capital investment. In 2009 the US company wired the investment to buy 70% stake in the India company. For various reasons, the India company reflected the investment to the RBI and Ministry of company affairs in 2011 and that's when the share certificate was provided to the US company.

    The question:
    When should the US company file the Form 5471? 2009 year end or 2011 year end?

    Thanks in advance
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Aug 25, 2011, 02:00 PM
    This is a very technical question which would require some research to answer properly.

    I for one would NOT be willing to do that research without compensation. Sorry!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Aug 26, 2011, 04:34 AM
    Form 5471 is filed alongwith the tax return.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Newly formed CFC, When to file 5471? [ 8 Answers ]

Hi, my husband (Swiss citizen, U.S. resident/green card holder) formed a corporation in Switzerland in October 2009. He is the only shareholder (100%). According to Swiss law, the accounting period for this first year will be October 2009-December 31 2010, then will be Jan 1-Dec 31 for all...

Should I file form 5471 this year? [ 1 Answers ]

Hello, I am a US Citizen and a share holder of a foreign company. During the company restructuring this year, they set up a BVI holding company for me to hold all my shares, the lawyer said that I might need to file Form 5471 along with my personal tax returns, but he's not sure as he's not a tax...

Does my wife also sign my w8ben form or does she file a separate form? [ 4 Answers ]

I want to cash in stocks I have with the united states and was told my wife and I need to file a w8ben form to avoid paying the tax, Do we sign the same form or do we both need to fill out the w8ben form separately?

Wrong filing! H1-B File Form 1040 instead of Form 1040NR [ 1 Answers ]

Hi there, Here is my situation: my OPT started from May 2006-May 2007. My H1-B started from Oct. 2007. I hired a CPA to file the tax for me in 2006 and 2007 w/ the form 1040. I just talked to my friend and she said in my situation I should file form 1040NR instead. So what should I do now? ...

Can you file more than one w2 form on one nys tax form or do you need additional forms? [ 1 Answers ]

We live in nys and my friend has had 3 different jobs throughout the year. Does he file all w2's on one form or have a form for each?

View more questions Search