IRS Form 5472 Explained vs IRS Form 5471
IRS Form 5472 is not talked about that often, but it is important for US-based corporations that have foreign stakeholders involved in their company.In this video, we will cover:
+ What is Form 5472?
+ Understanding Form 5472 Reportable Transactions
+ Who must file Form 5472 + Form 5472 instructions
+ Form 5472 Penalties
+ Form 5471 vs Form 5472 including foreign corporations vs domestic corporationsIf you need help with IRS form 5472 or your cannabis business taxes, then please reach out to us at: https://greengrowthcpas.com/get-started/ or call 800-674-9050.