Form 5471

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U.S. shareholders of controlled foreign corporations utilize Form 5471 to report key information required by certain sections of the Internal Revenue Code. Form 5471 is highly complex and practitioners need to understand all of its requirements in order to avoid penalties which can be as high as $10,000 per infraction.

This LIVE Knowledge Group webcast will cover the fundamentals including:
- Who’s required to file this form
- Schedules to be completed
- Preparation methods
- Penalties

Save yourself and your clients from the pitfalls of this complex tax form. Our panel of experts will equip you with the fundamentals of the Form in a LIVE two-hour webcast. Click the “Register” button below to enrol. Advanced registration is recommended as space for this course is limited. As an added bonus, significant discounts are offered to early registrants.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104013
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Understanding Form 5471 & Owning Foreign Corporations LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


John Dillinger, (Former IRS Agent),
John Dillinger, CPA, MS(Tax)
- Subpart F Income and Corporations: Taxation without repatriation
- Form 5471: When and how to file:
- As of 1/1/2009, there is an automatic $10,000 penalty for the late filing of Form 5471 for US    Shareholder of Foreign Corporations.
- Not only are there late filing penalties for Form 5471, there are egregious penalties for filing an    "incomplete" Form 5471
- It is possible to obtain penalty relief from Form 5471 if one can demonstrate reasonable cause

SEGMENT 2:


Timothy J. Leska, Attorney at Law,
Pepper Hamilton LLP

** Speaker Talking Points to be added soon.. **

SEGMENT 3:


William P. Elliott, CPA, J.D., LL.M., Partner and Firm Director of International Tax,
Cherry, Bekaert & Holland, L.L.P.

** Speaker Talking Points to be added soon.. **

SEGMENT 4:


David B. Joranko ,National Director International Tax Compliance & Quantitative Consulting Services
Ernst & Young LLP

  - Purpose and overview
  - Who is required to file
  - Information to report
  - When and where to file
  - Penalties for failure to file


John Dillinger, CPA, MS(Tax)
John Dillinger
(Former IRS Agent)
speaker bio »»

Pepper Hamilton LLP
Timothy J. Leska
Attorney at Law
speaker bio »»

Cherry, Bekaert & Holland, L.L.P.
William P. Elliott, CPA, J.D., LL.M.
Partner and Firm Director of International Tax
speaker bio »»

Ernst & Young LLP
David B. Joranko
National Director
International Tax Compliance & Quantitative Consulting Services
speaker bio »»

Who Should Attend?

Accountants
Tax Managers
CPAs
Presidents
Vice Presidents
CFOs
Controllers
Accounts Payable Professionals
Enrolled Agents
CEOs
Finance Directors
Attorneys

Why Attend?

This is a must attend event to understand the fundamentals of Form 5471.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


Understanding Form 5471 & Owning Foreign Corporations
LIVE Webcast
Speaker Firms:



a

Pepper Hamilton LLP


Cherry, Bekaert & Holland, L.L.P.


Ernst & Young LLP



 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.