5471 Schedule M Transactions Between Controlled Foreign Corporation and

U.S. Business Income Tax Return

f5471_schedule_m--2021-12-00_draft

OMB: 1545-0123

Document [pdf]
Download: pdf | pdf
Note: The draft you are looking for begins on the next page.

Caution: DRAFT—NOT FOR FILING
This is an early release draft of an IRS tax form, instructions, or publication,
which the IRS is providing for your information. Do not file draft forms and do
not rely on draft forms, instructions, and publications for filing. We do not
release draft forms until we believe we have incorporated all changes (except
when explicitly stated on this coversheet). However, unexpected issues
occasionally arise, or legislation is passed—in this case, we will post a new draft
of the form to alert users that changes were made to the previously posted draft.
Thus, there are never any changes to the last posted draft of a form and the
final revision of the form. Forms and instructions generally are subject to OMB
approval before they can be officially released, so we post only drafts of them
until they are approved. Drafts of instructions and publications usually have
some changes before their final release.
Early release drafts are at IRS.gov/DraftForms and remain there after the
final release is posted at IRS.gov/LatestForms. All information about all forms,
instructions, and pubs is at IRS.gov/Forms.
Almost every form and publication has a page on IRS.gov with a friendly
shortcut. For example, the Form 1040 page is at IRS.gov/Form1040; the Pub.
501 page is at IRS.gov/Pub501; the Form W-4 page is at IRS.gov/W4; and the
Schedule A (Form 1040/SR) page is at IRS.gov/ScheduleA. If typing in a link
above instead of clicking on it, be sure to type the link into the address bar of
your browser, not a Search box.
If you wish, you can submit comments to the IRS about draft or final forms,
instructions, or publications at IRS.gov/FormsComments. We cannot respond to
all comments due to the high volume we receive and may not be able to
consider many suggestions until the subsequent revision of the product.
If you have comments on reducing paperwork and respondent (filer) burden,
with respect to draft or final forms, please respond to the relevant information
collection through the Federal Register process; for more info, click here.

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)

DRAFT AS OF
June 17, 2021
DO NOT FILE

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)

DRAFT AS OF
June 17, 2021
DO NOT FILE

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)


File Typeapplication/pdf
File TitleSchedule M (Form 5471) (Rev. December 2021)
SubjectTransactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons
AuthorSE:W:CAR:MP
File Modified2021-06-17
File Created2021-05-06

© 2024 OMB.report | Privacy Policy