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Federal Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons
Extracted from PDF file 2023-federal-5471-schedule-m.pdf, last modified December 2021Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons
SCHEDULE M (Form 5471) Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons (Rev. December 2021) Department of the Treasury Internal Revenue Service Name of person filing Form 5471 OMB No. 1545-0123 Attach to Form 5471. ▶ Go to www.irs.gov/Form5471 for instructions and the latest information. ▶ Identifying number Name of foreign corporation EIN (if any) Reference ID number (see instructions) Important: Complete a separate Schedule M for each controlled foreign corporation. Enter the totals for each type of transaction that occurred during the annual accounting period between the foreign corporation and the persons listed in columns (b) through (f). All amounts must be stated in U.S. dollars translated from functional currency at the average exchange rate for the foreign corporation’s tax year. See instructions. Enter the relevant functional currency and the exchange rate used throughout this schedule (b) U.S. person filing this return (a) Transactions of foreign corporation ▶ (e) 10% or more U.S. (c) Any domestic (d) Any other foreign (f) 10% or more U.S. shareholder of corporation or corporation or shareholder of any controlled foreign partnership controlled partnership controlled corporation (other corporation by U.S. person filing by U.S. person filing than the U.S. person controlling the this return this return foreign corporation filing this return) 1 Sales of stock in trade (inventory) . . . 2 Sales of tangible property other than stock in trade . . . . . . . . . . 3 Sales of property rights trademarks, etc.) . . . . (patents, . . . 4 Platform contribution transaction payments received . . . . . . . . . . 5 Cost sharing transaction payments received 6 Compensation received for technical, managerial, engineering, construction, or like services . . . . . . . . . 7 Commissions received . . . . . . 8 Rents, royalties, and license fees received 9 Hybrid dividends received (see instructions) 10 Dividends received (exclude hybrid dividends, deemed distributions under subpart F, and distributions of previously taxed income) . 11 Interest received . . 12 Premiums received reinsurance . . . . . . . . for insurance . . . . . . or . 13 Loan guarantee fees received . . . . 14 Other amounts received (attach statement) 15 Add lines 1 through 14 . . . . . . 16 Purchases of stock in trade (inventory) . 17 Purchases of tangible property other than stock in trade . . . . . . . . 18 Purchases of property rights (patents, trademarks, etc.) . . . . . . . 19 Platform contribution transaction payments paid . . . . . . . . . . . 20 Cost sharing transaction payments paid . 21 Compensation paid for technical, managerial, engineering, construction, or like services . 22 23 24 25 26 27 28 29 Commissions paid . . . . . . . Rents, royalties, and license fees paid . Hybrid dividends paid (see instructions) . Dividends paid (exclude hybrid dividends paid) Interest paid . . . . . . . . . Premiums paid for insurance or reinsurance Loan guarantee fees paid . . . . . Other amounts paid (attach statement) . 30 Add lines 16 through 29 . . . . . For Paperwork Reduction Act Notice, see the Instructions for Form 5471. Cat. No. 49963O Schedule M (Form 5471) (Rev. 12-2021) Schedule M (Form 5471) (Rev. 12-2021) Page (a) Transactions of foreign corporation 2 Identifying number Name of person filing Form 5471 (b) U.S. person filing this return (e) 10% or more U.S. (c) Any domestic (d) Any other foreign (f) 10% or more U.S. shareholder of corporation or corporation or shareholder of any controlled foreign partnership controlled partnership controlled corporation (other corporation by U.S. person filing by U.S. person filing than the U.S. person controlling the this return this return foreign corporation filing this return) 31 Accounts Payable . . . . . . . 32 Amounts borrowed (enter the maximum loan balance during the year)—see instructions 33 Accounts Receivable . . . . . . 34 Amounts loaned (enter the maximum loan balance during the year)—see instructions Schedule M (Form 5471) (Rev. 12-2021)
Schedule M (Form 5471) (Rev. December 2021)
More about the Federal 5471 (Schedule M) Corporate Income Tax TY 2023
We last updated the Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons in February 2024, so this is the latest version of 5471 (Schedule M), fully updated for tax year 2023. You can download or print current or past-year PDFs of 5471 (Schedule M) directly from TaxFormFinder. You can print other Federal tax forms here.
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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 M).
| Form Code | Form Name |
|---|---|
| 5471 (Schedule J) | Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation |
| 5471 (Schedule O) | Organization or Reorganization of Foreign Corporation, and Acquisitions and Dispositions of its Stock |
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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 M) 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 M)
We have a total of eleven past-year versions of 5471 (Schedule M) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 5471 (Schedule M)
Schedule M (Form 5471) (Rev. December 2021)
2022 5471 (Schedule M)
Schedule M (Form 5471) (Rev. December 2021)
2021 5471 (Schedule M)
Schedule M (Form 5471) (Rev. December 2021)
2020 5471 (Schedule M)
Schedule M (Form 5471) (Rev. December 2018)
2019 5471 (Schedule M)
Schedule M (Form 5471) (Rev. December 2018)
2018 5471 (Schedule M)
Schedule M (Form 5471) (Rev. December 2018)
2017 5471 (Schedule M)
Form 5471 (Schedule M) (Rev. December 2012)
2016 5471 (Schedule M)
Form 5471 (Schedule M) (Rev. December 2012)
2015 5471 (Schedule M)
Form 5471 (Schedule M) (Rev. December 2012)
2012 5471 (Schedule M)
Form 5471 (Schedule M) (Rev. December 2012)
2011 5471 (Schedule M)
Form 5471 (Schedule M) (Rev. December 2010)
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