Forbes

5 Things You Need To Know Now About IRS Form 5471

U.S. persons who invest in foreign activities often have U.S. reporting obligations. A common international reporting requirement for many U.S. persons is IRS Form 5471, Information Return of U.S.
Forbes

IRS Can Audit Your Taxes Forever If You Miss A Key Form

A stock photo of a Red Audit stamp on a 1040 US individual income tax return. Photographed at 50mp with the Canon EOS 5DSR and the 100mm 2.8 L lens. If you fail to file a required Form 5471, your ...
Forbes

IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Jan 22, 2025, 11:02am EST Jan 22, 2025, 03:49pm EST Concept image ...
Forbes

Foreign Information Returns And The IRS: When Time Limits Never Expire

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Generally, the IRS has three years to select an income tax ...
Forbes

Skip Any Of These IRS Forms, Get Tax Audits ... Forever

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you fail to file a required Form 5471, your entire tax return ...
Forbes

Scariest Tax Form? Omit It, And IRS Can Audit You Forever

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Before you file your taxes, consider how long you must look over ...