Form 5471

We would like to introduce DKC Tax International to your business. We provide international tax services covering a number of areas.

With Ford’s recent announcement of the scheduled closing of the Cleveland Casting Plant and the idling of Engine Plant 1, David Huether, chief economist for the National Association of Manufacturers (NAM), advised companies that provide goods and services to big manufacturers to “broaden their customer base as much as they can – and look to global markets.” NAM has 14,000 member companies.

As business strives to become a player in the global marketplace, the opportunities provided also present a number of issues to be resolved as well.

One of the pertinent issues relates to the complex U.S. Income Tax recordkeeping and reporting requirements associated with global expansion. Form 5471 is a good example of these requirements. As you know, Form 5471 may create additional related international tax issues such as transfer pricing and earnings and profits calculations for each foreign affiliate which could have a material impact on foreign tax credits claimed. in the future, current or prior years.

DKC Tax International can aide your accounting or tax staff to timely comply with the Form 5471 filing requirements. If you do not have the in-house staff to prepare this form, or if you are understaffed, we can prepare it on your behalf. We welcome the opportunity to serve you in this capacity. DKC Tax International also offers additional international tax services such as transfer pricing, foreign dividend planning and preparation or review of foreign tax provisions.