Transfer Pricing and How to Complete Form 5472 (Completed)
Date: Friday, August 25, 2023
Instructor: Robert J. Misey
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
With the expansion of global business, the number of foreign-owned U.S. companies has increased exponentially. These companies have significant intercompany transactions with their foreign parents that they have to report on the Form 5472, the Information Return of a 25% Foreign-Owned U.S. Corporation.
Topics Covered
- The Form 5472 filing requirements
- Understanding the various parts of Form 5472
- Identifying the various intercompany transactions
- The methods to determine the arm's length price of intercompany transactions
- How to avoid the transfer pricing penalties
- Failing to file Form 5472 and the related penalties
- Completing a sample Form 5742
Learning Objectives
- Understand the tax law behind the informational requirements on Form 5472
- Develop a practical understanding of U.S. international tax reporting and compliance with respect to foreign-owned U.S. corporations
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
