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Form 5471 E-File Submission

TaxesTech
Level 4

The instructions of Form 5471 "Where to File" says the form needs to be attached to the tax return.  Last Friday 9/15 by midnight, I just E-filed my first C-Corp tax return Form 1120 including Form 5471 (it was a rushed time to work with the CEO together, and E-Filed by midnight), and I forgot to print the Form 5471 and attach it as a PDF attachment. 

Normally if a PDF attachment is required, ProConnect would give me a warning message and e-File button would not be available. But this time, the E-File went through without the PDF attachment Form 5471.  I thought I probably needed to amend the return after it was accepted to re-submit the PDF attachment. 

This morning I called ProConnect help and we looked at the tax return together.  I was told that Form 5471 was already submitted to the IRS and no need to be submitted a second time - she was certain about this because she saw Form 5471 was generated within the ProConnect Software and was available for partial print. 

I was relieved to hear that, but after the call, I remembered Form 7203 was also available for partial printing, and was still required to submit as an attachment.  So I can't help become worried again and wonder if Form 5471 was actually submitted in my case.  

Side fact: before calling ProConnect, I actually called the IRS international tax law phone number to ask if I needed to amend the return.  I was told the IRS personnel are not allowed to answer Form 5471-related questions, as the whole agency was not trained with this tax form and was not allowed to give out advice.  She suggested that I should ask this question to paid professionals.  

Anyone who filed Form 5471 before?  This is such a screwup for me and it won't happen again.  

Thank you in advance!!

 

 

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1 Solution

Accepted Solutions
IntuitGabi
Moderator
Moderator

@TaxesTech 
@sjrcpa 

I was able to confirm that Form 5471 is included in Lacerte and ProConnect and does not need to be attached. Hope this helps. 

**Did this answer your questions? If so, select "Accept as solution".

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5 Comments 5
sjrcpa
Level 15

It will be an expensive screw up if it wasn't transmitted.

Is this a calendar year return on extension? If yes, the good news is it is due October 15, so there's time to figure it out.


Ex-AllStar
TaxesTech
Level 4

I asked ProConnect Help (twice, to different agents), and they both looked at the return with me on SmartLook, and both confirmed that ProConnect supports E-Filing Form 5471, as the PDF form was generated within ProConnect for the IRS, and no critical diagnosis appeared to prevent e-filing.   

The tax return was a C-corp return with a 9/15 extended deadline.    

I wonder if I should leave it as it is, or should I still file an Amended Return with no changes on income and deduction, and just attach the PDF form stating the attachment was accidentally omitted?  

 

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TaxesTech
Level 4

Oh also, the e-File status now is shown as "Accepted by the IRS".  Does that mean Form 5471 was transmitted?  I wonder if there is an IRS number for me to call...

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sjrcpa
Level 15

@IntuitCharlene Can someone help this person determine if the 5471 was transmitted with the return?

There's a potential $10K penalty


Ex-AllStar
IntuitGabi
Moderator
Moderator

@TaxesTech 
@sjrcpa 

I was able to confirm that Form 5471 is included in Lacerte and ProConnect and does not need to be attached. Hope this helps. 

**Did this answer your questions? If so, select "Accept as solution".