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TaxAct supports Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations. At this time, we only support the creation and electronic filing of one Form 5471. If the return requires multiple copies of the form, the only option is to manually complete the additional copies and attach them to the return. In this case, you must paper file the return.

TaxAct does not import prior year information on Form 5471. The filing requirements for Form 5471 are based on year-to-year conditions; therefore, you may be required to file Form 5471 in one tax year, but not in the following tax year. Even if you are required to file Form 5471 in two different tax years, the required schedules and statements may differ for each tax year. Please see the Instructions for Form 5471 for more information on who must file in a given tax year.

If you prefer to complete each form in the program, complete the first form, print it off, and then delete the form so you can recreate it. Alternatively, you can use the following steps to create the first copy of the form in the program, and then click the link in the previous first sentence to access a fillable form on the IRS website for your additional copies.

To complete Form 5471 in your TaxAct program:

  1. Sign in to your TaxAct Online return.
  2. Click Tools down the left to expand, then click Forms Assistant.
  3. Click to expand the FEDERAL Forms folder, then click to expand the Forms and Schedules folder.
  4. Click Form 5471 - Information Return of U.S. Persons with Respect to Certain Foreign Corporations.
  5. Click Add to create a copy of the form where the information can be entered or click Edit to review a form already created.
  1. From within your TaxAct return, click Forms in the top left corner.
  2. Expand the Federal Forms folder, then expand the Forms and Schedules folder.
  3. Scroll down and double-click Form 5471 - Information Return of U.S. Persons with Respect to Certain Foreign Corporations.
  4. Enter the information directly on the form.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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