Form 5471 Schedule O PDF Details

Filling out the 5471 Schedule O form is a significant task for individuals involved with foreign corporations, mandating a deep dive into the organization or reorganization details, acquisitions, and dispositions of stock. This form, revised in December 2012 by the Department of the Treasury Internal Revenue Service, requires meticulous attention to detail. It is an attachment to Form 5471 and is essential for reporting comprehensive information about U.S. persons' involvement with foreign corporations. The form is structured to collect data in several key areas: it outlines the initial and additional acquisition of stock by U.S. officers, directors, and shareholders; dispositions of stock; organizational or reorganizational transactions; and additional relevant transactions and changes within the foreign corporation that might impact U.S. reporting requirements. Not only does it serve to provide the IRS with detailed information regarding the relationship between U.S. citizens or residents and foreign corporations, but it also plays a critical role in compliance with international tax obligations. The requirement to complete a separate Schedule O for each foreign corporation ensures that the IRS receives a clear picture of international activities that could affect U.S. tax liabilities. It's a clear reminder of the complex nature of navigating international tax laws and the necessity for precision and thoroughness in reporting such connections.

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Form NameForm 5471 Schedule O
Form Length2 pages
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Avg. time to fill out30 sec
Other namesf5471so form 5471 schedule o 2012 instructions

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SCHEDULE O (Form 5471)

(Rev. December 2012)

Department of the Treasury Internal Revenue Service

Organization or Reorganization of Foreign

Corporation, and Acquisitions and

Dispositions of its Stock

Information about Schedule O (Form 5471) and its instructions is at www.irs.gov/form5471

▶Attach to Form 5471.

OMB No. 1545-0704

Name of person filing Form 5471

Identifying number

Name of foreign corporation

EIN (if any)

Reference ID number (see instructions)

Important: Complete a separate Schedule O for each foreign corporation for which information must be reported.

Part I To Be Completed by U.S. Officers and Directors

(a)

Name of shareholder for whom acquisition information is reported

(b)

Address of shareholder

(c)

Identifying number

of shareholder

(d)

Date of original 10% acquisition

(e)

Date of additional 10% acquisition

Part II To Be Completed by U.S. Shareholders

Note: If this return is required because one or more shareholders became U.S. persons, attach a list showing the names of such persons and the date each became a U.S. person.

Section A—General Shareholder Information

(a)

Name, address, and identifying number of

shareholder(s) filing this schedule

(b)

For shareholder’s latest U.S. income tax return filed, indicate:

(1)

(2)

(3)

Type of return

Date return filed

Internal Revenue Service Center

(enter form number)

where filed

 

 

 

 

(c)

Date (if any) shareholder

last filed information

return under section 6046 for the foreign corporation

Section B—U.S. Persons Who Are Officers or Directors of the Foreign Corporation

(a)

Name of U.S. officer or director

(b)

Address

(c)

Social security number

(d)

Check appropriate

box(es)

Officer Director

Section C—Acquisition of Stock

(a)

Name of shareholder(s) filing this schedule

(b)

Class of stock

acquired

(c)

Date of

acquisition

(d)

Method of acquisition

(e)

Number of shares acquired

(1)

(2)

(3)

Directly

Indirectly

Constructively

 

 

 

For Paperwork Reduction Act Notice, see the Instructions for Form 5471.

Cat. No. 61200O

Schedule O (Form 5471) (Rev. 12-2012)

Schedule O (Form 5471) (Rev. 12-2012)

 

 

 

 

 

 

 

 

 

 

 

 

Page 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(f)

 

 

 

 

 

 

(g)

 

 

 

 

 

 

Amount paid or value given

 

 

 

Name and address of person from whom shares were acquired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section D—Disposition of Stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(e)

 

 

(a)

(b)

 

 

(c)

 

(d)

Number of shares disposed of

 

 

 

Method

 

 

 

 

 

 

Name of shareholder disposing of stock

Class of stock

 

Date of disposition

 

 

 

 

 

 

 

 

 

of disposition

(1)

 

(2)

 

 

(3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Directly

 

Indirectly

 

Constructively

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(f)

 

 

 

 

 

 

(g)

 

 

 

 

 

 

Amount received

 

 

 

Name and address of person to whom disposition of stock was made

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section E—Organization or Reorganization of Foreign Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

 

 

 

 

 

 

(b)

 

 

(c)

Name and address of transferor

 

 

 

 

 

Identifying number (if any)

 

Date of transfer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

 

 

 

 

 

 

 

 

 

 

 

Assets transferred to foreign corporation

 

 

 

 

(e)

 

 

 

 

 

 

 

 

 

 

Description of assets transferred by, or notes or

(1)

(2)

 

 

 

 

(3)

securities issued by, foreign corporation

 

 

 

Adjusted basis (if transferor was

Description of assets

Fair market value

 

 

 

 

 

 

 

 

 

U.S. person)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section F—Additional Information

(a)If the foreign corporation or a predecessor U.S. corporation filed (or joined with a consolidated group in filing) a U.S. income tax return for any of the last 3 years, attach a statement indicating the year for which a return was filed (and, if applicable, the name of the corporation filing the consolidated return), the taxable income or loss, and the U.S. income tax paid (after all credits).

(b)List the date of any reorganization of the foreign corporation that occurred during the last 4 years while any U.S. person held 10% or more in value or vote (directly or indirectly) of the corporation’s stock ▶

(c)If the foreign corporation is a member of a group constituting a chain of ownership, attach a chart, for each unit of which a shareholder owns 10% or more in value or voting power of the outstanding stock. The chart must indicate the corporation’s position in the chain of ownership and the percentages of stock ownership (see instructions for an example).

Schedule O (Form 5471) (Rev. 12-2012)

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This form requires particular data to be typed in, therefore be sure you take the time to type in what is requested:

1. You need to complete the Form 5471 Schedule O properly, thus be mindful when working with the parts including these fields:

Form 5471 Schedule O completion process clarified (part 1)

2. The subsequent stage would be to fill in these particular fields: Section BUS Persons Who Are, Name of US officer or director, Address, Social security number, Check appropriate, boxes, Officer, Director, and Section CAcquisition of Stock.

Part # 2 in filling out Form 5471 Schedule O

3. In this part, review acquired, acquisition, Method of acquisition, Directly, Indirectly, Constructively, For Paperwork Reduction Act Notice, Cat No O, and Schedule O Form Rev. These have to be completed with highest precision.

How to complete Form 5471 Schedule O step 3

Always be really careful while filling in Method of acquisition and Cat No O, as this is the part where most users make a few mistakes.

4. All set to proceed to the next segment! Here you will have these Amount paid or value given, Name and address of person from, Section DDisposition of Stock, Name of shareholder disposing of, Class of stock, Date of disposition, Method, of disposition, Number of shares disposed of, Directly, Indirectly, Constructively, Amount received, Name and address of person to whom, and Section EOrganization or fields to complete.

Form 5471 Schedule O completion process clarified (portion 4)

5. To finish your document, this final part features a few extra fields. Completing Name and address of transferor, Identifying number if any, Date of transfer, Assets transferred to foreign, Description of assets, Fair market value, Adjusted basis if transferor was, US person, Description of assets transferred, securities issued by foreign, Section FAdditional Information, and a If the foreign corporation or a should conclude everything and you'll be done in no time!

Form 5471 Schedule O completion process described (stage 5)

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