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Understanding the Complexities of Form 5472 and Its Transfer Pricing Implications

Protect your company from complicated litigation. Understand Form 5472, how to prepare it, and how to make your filing 'audit proof'.Protect your company from complicated litigation. Understand Form 5472, how to prepare it, and how to make your filing 'audit proof'. As more foreign companies view the U.S. market as a fertile market, they will form U.S. subsidiaries to grow their U.S. operations. Whether you are the U.S. subsidiary for a large, Dutch-based multinational company with subsidiaries all over the world or a small U.S. distributor of a Canadian parent, you will have to file IRS Form 5472 for every transaction with a related party. Although an information return, the Form 5472 is the place the IRS starts when auditing foreign-owned U.S. businesses. As a result, the proper preparation of the Form 5472 will offer an opportunity to document your planning as well as make that planning audit proof. You will learn the law behind and the mechanics of how to prepare Form 5472. The enforcement policies of the IRS with respect to failure to file Form 5472 will also be addressed.


Runtime: 92 minutes

Learn the fundamentals and complexities of Form 5472.

Get a strong understanding of the repatriation method for dividends, debt financing(interest), service and management fees and royalties. Learn who is a related party and what section a related party is pursuant to.

Determine the Nature and Amount of Reportable Transactions for Form 5472

In this course we will also cover and teach you how to determine the nature and amount of reportable transactions. We cover inter-company transactions, what a transfer price is and what the IRC Section 482 requires for inter-company transactions to be priced at. You will learn what the transfer pricing penalty is and how the IRS determines a transfer pricing penalty. We cover the transfer pricing documentation requirements and so much more.

Your home for learning Form 5472 and many more tax and accounting courses

Lorman Education Services has been providing tax and accounting training for over 25 years. Our topics are built to teach you the hard skills of your profession and to give you the best, most up to date tax and accounting knowledge. Our tax courses hep you stay compliant and keep the IRS from knocking on your door.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Determining Who Is a Reporting Corporation for Part I

Determining What Is a 25 Percent Foreign Shareholder for Part II

Determining Who Is a Related Party for Part III

Determining the Nature and Amount of Intercompany Transactions for Part IV

A Primer on Transfer Pricing for Intercompany Transactions

New Rules for LLCs

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on May 9, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Robert Misey

Robert Misey

Reinhart Boerner Van Deuren S.C.

  • Chair of the International Department of Reinhart Boerner Van Deuren s.c.
  • Listed in the Best Lawyers In America
  • Admitted to the State Bar of California, Kentucky Bar Association, State Bar of Wisconsin and The District of Columbia Bar
  • LL.M. degree, Geogetown University; J.D. and M.B.A. degrees, Vanderbilt University; B.A. degree, University of Kentucky
  • Can be contacted at 312-207-5456, 414-298-8135 or [email protected]
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Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 399842
Published 2017
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