5471 Schedule J Accumulated Earnings and Profits (E&P) of Controlled For

U. S. Business Income Tax Return

9.27.18 Form 5471, Sch. J - Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation

U. S. Business Income Tax Return

OMB: 1545-0123

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SCHEDULE J
(Form 5471)
(December 2018)

DRAFT AS OF
September 27, 2018
DO NOT FILE
Accumulated Earnings & Profits (E&P) of Controlled Foreign Corporation

Department of the Treasury
Internal Revenue Service

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OMB No. 1545-0704

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)

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Accumulated E&P of Controlled Foreign Corporation

Check the box if person filing return does not have all U.S. Shareholders’ information to complete amount for columns (e)(ii)–(e)(iv) and (e)(vii)–(ix) (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) Earnings Invested
in U.S. Property
(section 959(c)(1)(A))

(ii) Section 965(a)
Inclusion
(section 959(c)(1)(A))

1a Balance at beginning of year (as reported on prior
year Schedule J) . . . . . . . . . . . .
1b Beginning balance adjustments (attach statement)
1c Adjusted beginning balance (combine lines 1a and 1b)
2a Reduction for taxes unsuspended under anti-splitter rules
2b Disallowed deduction for taxes suspended under
anti-splitter rules . . . . . . . . . . . .
3 Current year E&P (or deficit in E&P)
. . . . .
4 E&P attributable to distributions of previously taxed
E&P from lower-tier foreign corporation . . . .
5a E&P carried over in nonrecognition transaction . .
5b 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) (12-2018)

DRAFT AS OF
September 27, 2018
DO NOT FILE

Schedule J (Form 5471) (12-2018)

Part I

(e) Previously Taxed E&P (see instructions)

(iii) Section 965(b)(4)(A)
(section 959(c)(1)(A))

1a
1b
1c
2a
2b
3
4
5a
5b
6
7
8
9
10
11
12
13
14

Part II

Page 2

Accumulated E&P of Controlled Foreign Corporation (continued)
(iv) Section 951A
Inclusion
(section 959(c)(1)(A))

(v) Earnings Invested in
Excess Passive Assets
(section 959(c)(1)(B))

(vii) Section 965(a)
Inclusion
(section 959(c)(2))

(vi) Subpart F Income
(section 959(c)(2))

(ix) Section 951A
Inclusion
(section 959(c)(2))

(viii) Section 965(b)(4)(A)
(section 959(c)(2))

(f)
Total Section 964(a) E&P
(combine columns (a), (b),
(c), and (e)(i) through (e)(ix))

Nonpreviously Taxed E&P Subject to Recapture as Subpart F Income (section 952(c)(2))

Enter amounts in functional currency.
1
2
3
4

Balance at beginning of year . . . . . . .
Additions (amounts subject to future recapture) .
Subtractions (amounts recaptured in current year)
Balance at end of year (combine lines 1 through 3)

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Schedule J (Form 5471) (12-2018)


File Typeapplication/pdf
File TitleSchedule J (Form 5471) (December 2018)
SubjectFillable
AuthorSE:W:CAR:MP
File Modified2018-09-27
File Created2018-09-27

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