ITL 2023: Form 5471: CFC Income

ITL 2023: Form 5471: CFC Income—Subpart F Income

Subpart F income can be considered passive income from a controlled foreign corporation. US shareholders report their pro rata share of Subpart F i...

8/25/2023 2:00pm - 3:00pm | Online | CalCPA

Members: $49.00, Non-members: $59.00

CPE Categories: Taxation (1 CPE)

Interest Areas: Individual Taxation

Description

Subpart F income can be considered passive income from a controlled foreign corporation. US shareholders report their pro rata share of Subpart F income as gross income on their income tax returns. In this session, we explore the different types of Subpart F income so you know when you see it and how it flows through to the US shareholder's income tax return.

Presented by Philip Hodgen

Target Audience

CPAs, attorneys, tax preparers and advisors who what to stay current on the latest developments on international tax issues.

Course Objectives

Recognize Subpart F income
Identify how Subpart F income is reported
Determine whether a taxpayer has Subpart F income

Subjects

Form 5471
Controlled foreign corporation
Subpart F income