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Proposed revision of Form 5471.

The Internal Revenue Service recently sought input from Tax Executives Institute and other stakeholders regarding proposed changes to Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. On June 6, TEI representatives met with you and other representatives from LMSB and Chief Counsel to discuss issues related to the form. During the meeting, TEI committed to solicit input from members of its IRS Administrative Affairs and International Tax Committees on proposed revisions to the form.

TEI's 7,000 members are uniquely qualified to comment on this form since they are accountants, attorneys, and other business professionals who work for ...

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