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pdfSCHEDULE J
(Form 5471)
Accumulated Earnings & Profits (E&P) of Controlled Foreign Corporation
(Rev. December 2020)
Department of the Treasury
Internal Revenue Service
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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)
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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 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
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1
2
Additions (amounts subject to future recapture)
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2
3
Subtractions (amounts recaptured in current year)
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3
4
Balance at end of year (combine lines 1 through 3)
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Schedule J (Form 5471) (Rev. 12-2020)
File Type | application/pdf |
File Title | Schedule J (Form 5471) (Rev. December 2020) |
Subject | Fillable |
Author | SE:W:CAR:MP |
File Modified | 2020-12-03 |
File Created | 2020-12-03 |