Form 5471: Subpart F Income

Subpart F income can be considered passive income from a controlled foreign corporation. US shareholders report their pro rata share of Subpart F income as gross income on their income tax returns. In this session, we explore the different types of Subpart F income so you know when you see it and how it flows through to the US shareholder's income tax return.

[@clairecheng6046]

Thank you very much for making the very complicate internal revenue codes easy to understand!

[@MariaDunets]

Very helpful! Thank you!

[@baskaran128]

Thank you!