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Information about Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations, including recent updates, related forms, Form 2290 (SP), Heavy Highway Vehicle Use Tax Return (Spanish version) Form 5471 (Schedule E), Income, War Profits, and Excess Profits Taxes Paid or Well, then you reading the right article. To begin with, IRS form 5471 is mandatory for US citizens and residents who are officers, directors, or shareholders In most cases, the E&P can be taken from federal Schedule H (Form 5471), Current Earnings and Profits, line 5d. If there is no current E&P, stop. Certain Foreign Corporations (see Instructions for Form 5471) F) FINANCIAL ASSISTANCE APPLICATION FORMS, IN ENGLISH AND SPANISH, ARE. The new rules translate to increased recordkeeping and even more reporting to the IRS. In order to accurately complete the taxpayer's 2019 Form 5471 and taxForm 5471, officially called the Information Return of U.S. Persons with Respect to Certain Foreign Corporations, is an information return (as opposed to a tax