Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- I am preparing a 1120S S Corp tax return, and this S Corp owns 100% of a foreign corporation. Should I file Form 5471 with the 1120S or file it separately for each shareholder?
I am preparing a 1120S S Corp tax return, and this S Corp owns 100% of a foreign corporation. Should I file Form 5471 with the 1120S or file it separately for each shareholder?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Anna2020
Level 1
03-11-2025
08:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
1 Comment 1
sjrcpa
Level 15
03-11-2025
08:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Definitely file with the 1120S.
Per the 5471 instructions, I think the one filed with the 1120S can cover the filing for the shareholders if you include them on it. Do check, as the penalties are harsh.
The more I know the more I don’t know.
