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Form 5471 - Number of Forms Supported
1

TaxAct supports Form 5471 Information Return of U.S. Persons With Respect to Certain Foreign Corporations. At this time, we only support the creation and electronic filing of five copies of Form 5471. If the return requires more than five copies of the form, the only option is to manually complete the additional copies and attach them to the return. In this case, you must paper file the return.

TaxAct does not import prior year information on Form 5471. The filing requirements for Form 5471 are based on year-to-year conditions; therefore, you may be required to file Form 5471 in one tax year, but not in the following tax year. Even if you are required to file Form 5471 in two different tax years, the required schedules and statements may differ for each tax year. Please see the Instructions for Form 5471 for more information on who must file in a given tax year.

If you prefer to complete each form in the program, complete the first form, print it off, and then delete the form so you can recreate it. Alternatively, you can use the following steps to create the first copy of the form in the program, and then click this link to Form 5471, which is a fillable form on the IRS website, to create your additional copies.

To complete Form 5471 in your TaxAct program:

Online Navigation Instructions
  1. From within your TaxAct Online return, click the Tools dropdown, then click Forms Assistant.
  2. Click + next to the FEDERAL Forms manila folder (if it is not already expanded), then click + next to the Forms and Schedules manila folder (if it is not already expanded).
  3. Click Form 5471 - Information Return of U.S. Persons with Respect to Certain Foreign Corporations.
  4. Click + Add to create a copy of the form or click Edit to review a form already created.
Desktop Navigation Instructions
  1. From within your TaxAct Desktop return, click Forms in the options bar to view Forms Explorer (if it is not already visible).
  2. Click Federal from the dropdown in forms explorer, then click the Forms and Schedules dropdown.
  3. Scroll down and click Form 5471, and the form will appear in Forms View. Click + Add in the dropdown below Form 5471 to create a new copy.
  4. Enter the information directly on the form.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.