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Federal Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation
Extracted from PDF file 2023-federal-5471-schedule-j.pdf, last modified December 2020Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation
SCHEDULE J (Form 5471) Accumulated Earnings & Profits (E&P) of Controlled Foreign Corporation (Rev. December 2020) Department of the Treasury Internal Revenue Service ▶ ▶ OMB No. 1545-0123 Attach to Form 5471. Go to www.irs.gov/Form5471 for instructions and the latest information. Identifying number Name of person filing Form 5471 Name of foreign corporation a Separate Category (Enter code—see instructions.) . . . . . . . . . . . . . . . . . b If code 901j is entered on line a, enter the country code for the sanctioned country (see instructions) . Part I Reference ID number (see instructions) EIN (if any) . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ ▶ Accumulated E&P of Controlled Foreign Corporation Check the box if person filing return does not have all U.S. shareholders’ information to complete an amount in column (e) (see instructions). Important: Enter amounts in functional currency. (a) Post-2017 E&P Not Previously Taxed (post-2017 section 959(c)(3) balance) (b) Post-1986 Undistributed Earnings (post-1986 and pre-2018 section 959(c)(3) balance) (c) Pre-1987 E&P Not Previously Taxed (pre-1987 section 959(c)(3) balance) (d) Hovering Deficit and Deduction for Suspended Taxes (e) Previously Taxed E&P (see instructions) (i) Reclassified section 965(a) PTEP (ii) Reclassified section 965(b) PTEP 1a Balance at beginning of year (as reported on prior year Schedule J) . . . . . . . . . . . b Beginning balance adjustments (attach statement) c Adjusted beginning balance (combine lines 1a and 1b) 2a Reduction for taxes unsuspended under anti-splitter rules b Disallowed deduction for taxes suspended under anti-splitter rules . . . . . . . . . . . 3 Current year E&P (or deficit in E&P) (enter amount from applicable line 5c of Schedule H) . . . . 4 E&P attributable to distributions of previously taxed E&P from lower-tier foreign corporation . . . 5a E&P carried over in nonrecognition transaction . b Reclassify deficit in E&P as hovering deficit after nonrecognition transaction . . . . . . . 6 Other adjustments (attach statement) . . . . 7 Total current and accumulated E&P (combine lines 1c through 6) . . . . . . . . . . . . 8 Amounts reclassified to section 959(c)(2) E&P from section 959(c)(3) E&P . . . . . . . . . 9 Actual distributions . . . . . . . . . . 10 Amounts reclassified to section 959(c)(1) E&P from section 959(c)(2) E&P . . . . . . . . . 11 Amounts included as earnings invested in U.S. property and reclassified to section 959(c)(1) E&P (see instructions) 12 Other adjustments (attach statement) . . . . 13 Hovering deficit offset of undistributed posttransaction E&P (see instructions) . . . . . 14 Balance at beginning of next year (combine lines 7 through 13) For Paperwork Reduction Act Notice, see the Instructions for Form 5471. Cat. No. 21111K Schedule J (Form 5471) (Rev. 12-2020) Page 2 Schedule J (Form 5471) (Rev. 12-2020) Part I Accumulated E&P of Controlled Foreign Corporation (continued) (e) Previously Taxed E&P (see instructions) (iii) General section 959(c)(1) PTEP (iv) Reclassified section 951A PTEP (v) Reclassified section 245A(d) PTEP (vi) Section 965(a) PTEP (vii) Section 965(b) PTEP 1a b c 2a b 3 4 5a b 6 7 8 9 10 11 12 13 14 (e) Previously Taxed E&P (see instructions) (viii) Section 951A PTEP (ix) Section 245A(d) PTEP (x) Section 951(a)(1)(A) PTEP (f) Total Section 964(a) E&P (combine columns (a), (b), (c), and (e)(i) through (e)(x)) 1a b c 2a b 3 4 5a b 6 7 8 9 10 11 12 13 14 Schedule J (Form 5471) (Rev. 12-2020) Page 3 Schedule J (Form 5471) (Rev. 12-2020) Part II Nonpreviously Taxed E&P Subject to Recapture as Subpart F Income (section 952(c)(2)) Important: Enter amounts in functional currency. 1 Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 1 2 Additions (amounts subject to future recapture) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 2 3 Subtractions (amounts recaptured in current year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 3 4 Balance at end of year (combine lines 1 through 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ . . . . . 4 Schedule J (Form 5471) (Rev. 12-2020)
Schedule J (Form 5471) (Rev. December 2020)
More about the Federal 5471 (Schedule J) Corporate Income Tax TY 2023
We last updated the Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation in February 2024, so this is the latest version of 5471 (Schedule J), fully updated for tax year 2023. You can download or print current or past-year PDFs of 5471 (Schedule J) directly from TaxFormFinder. You can print other Federal tax forms here.
Related Federal Corporate Income Tax Forms:
TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 5471 (Schedule J).
| Form Code | Form Name |
|---|---|
| 5471 (Schedule M) | Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons |
| 5471 (Schedule O) | Organization or Reorganization of Foreign Corporation, and Acquisitions and Dispositions of its Stock |
View all 775 Federal Income Tax Forms
Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 5471 (Schedule J) from the Internal Revenue Service in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal 5471 (Schedule J)
We have a total of eleven past-year versions of 5471 (Schedule J) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 5471 (Schedule J)
Schedule J (Form 5471) (Rev. December 2020)
2022 5471 (Schedule J)
Schedule J (Form 5471) (Rev. December 2020)
2021 5471 (Schedule J)
Schedule J (Form 5471) (Rev. December 2020)
2020 5471 (Schedule J)
Schedule J (Form 5471) (Rev. December 2020)
2019 5471 (Schedule J)
Schedule J (Form 5471) (Rev. December 2019)
2018 5471 (Schedule J)
Schedule J (Form 5471) (Rev. December 2018)
2017 5471 (Schedule J)
Form 5471 (Schedule J) (Rev. December 2012)
2016 5471 (Schedule J)
Form 5471 (Schedule J) (Rev. December 2012)
2015 5471 (Schedule J)
Form 5471 (Schedule J) (Rev. December 2012)
2012 5471 (Schedule J)
Form 5471 (Schedule J) (Rev. December 2012)
2011 5471 (Schedule J)
Form 5471 (Schedule J) (Rev. December 2005)
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