< iframe width =" 480" height =" 320 "src =" https://www.youtube.com/embed/UboFdcb9Gt4?rel=0" frameborder="0" allowfullscreen >< img style =" float: left; margin:0 5px 5px 0;" src =" http://ustaxreview.org/wp-content/uploads/2021/05/38VDNv.jpg"/ > **** TAX REFORM CHANGED KIND 5471 ***. Our 2020 Kind 5471 Guide is here: https://www.irsmedic.com/blog/2020/irs-form-5471.html. MORE HERE: https://youtu.be/hlKiO0nAFEg. IF YOU OR YOUR CUSTOMER NEED AID WITH KIND 5471 FILING AND PENALTY CONTACT US FOR IMMEDIATE AID-- 888 477-4258 info@irsmedic.com. IRS Form 5471 is a reporting requirement for 'particular' United States individuals who are investors in 'particular' foreign corporations. The reporting requirements can be frustrating and complicated. In our series on Type 5471 we have actually currently spoken about the classifications, schedules, and penalties connected with the type. If you understand you were expected to file a Form 5471 but have not, what should you do? In this video, Anthony and Claudine respond to the most typically asked concerns:. Why do I have to submit a Kind 5471 anyhow? Am I going to go to prison for unfiled Type 5471s? What to I have to do? Do I have to participate in a Standard Offshore Disclosure Program (OVDP) or a Streamlined Disclosure if I have missing out on 5471s? If I submit delinquent returns just, isn't that a soft-disclosure-- the important things the IRS warns not to do? I have inactive Foreign Corporations. Do I still have a Form 5471 problem? I made errors on Form 5471s. What should I do? Will I raise any warnings by correcting Kind 5471 errors? If you have additional concerns or concerns, don't think twice to contact us. We're here to help. http://www.irsmedic.com. Serving United States taxpayers worldwide. " Real Tax Attorneys for Hard Tax Issues". IRS Medic: Moms And Dad & Parent LLP. 212.256.1335. 888-727-8796. Twitter: https://twitter.com/irsmedic. Facebook: https://www.facebook.com/TheIRSMedic