Form 5471 – Controlled Foreign Corporations

Founder-friendly, no-fluff explainer of IRS Form 5471: who files, the five categories, per se corporations, key schedules, GILTI/Subpart F, PTEP, penalties, and step-by-step workflow. I’m a CPA specializing in international tax and IRS representation since 2009, with thousands of expat representations and Forms 5471 prepared. Message me with questions.