Schedule C is the Income Statement and Schedule F is the Balance Sheet.
Currency: all amounts must be stated in U.S. dollars unless otherwise indicated.
Schedule C: report all information in functional currency in accordance with U.S. generally accepted accounting principles (GAAP).
Dollar currency: if the functional currency is the U.S. dollar, complete only the U.S. Dollars column.
Schedule F: report all amounts in U.S. dollars prepared and translated in accordance with U.S. GAAP.
| Question | Answer |
|---|---|
| Form Name | Form 5471 |
| Form Length | 6 pages |
| Fillable? | Yes |
| Fillable fields | 567 |
| Avg. time to fill out | 60+ min |
| Edition | December 2025 |
| Issuing agency | Department of the Treasury, Internal Revenue Service |
| Matches the agency's file | Yes, checked October 4, 2026 |
| Other names | 5471, Form 5471, IRS 5471, IRS Form 5471, 5471 form, Information Return of U.S. Persons With Respect to Certain Foreign Corporations |
| Official source | Form 5471 (Rev. December 2025), Department of the Treasury Internal Revenue Service |
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