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Meridian Idaho Form 5471 (Schedule O): What You Should Know
Column (c) includes the taxpayer's account number and the name and address of the U.S. tax return preparer. If the shareholder's last tax return was not filed electronically, enter â€e-filed‬ in column (b). Column (d) includes the last name of the taxpayer or the taxpayer's TIN (which can be obtained through Form 8855 or IRS form 4029). If the taxpayer is not included in this column, you need to verify the individual's tax information using the “Additional Tax Information” in column (e) on the form. In columns (e), (f), and (g), enter the following information: The date and time of the U.S. taxpayer's most recent tax return. If the taxpayer's account or tax return did not have the most recent information included, complete the following information in the appropriate columns: A description of the most recent information. The Taxpayer Identification Number (TIN) of the taxpayer. The date of the most recent tax return. If the most recent information included was for a calendar year, the date of the most recent report. The taxpayer's name, address, TIN, and tax information from the most recent tax return. Column (h) is all the information you have entered so far for the shareholder, except for the following: The date the taxpayer filed (or made agreement to File) with the US, foreign country, or both. The date the U.S. taxpayer acquired the share or units of the foreign corporation. The foreign corporation's address and TIN. The IRS number of the foreign corporation. The last trade date of the foreign corporation. Amounts entered on line 5 of Form 5471, such as the amount paid for sales or services. Additional information you should fill in for a foreign corporation that is not listed or is not located in the United States or whose business address for tax purposes is not in the U.S. (Form 5471, General Information, does not mention such information). Column (f) is the amount of the shareholder's most recent capital gain realized in the taxable year. The amount of capital gain should equal the difference between the shareholder's adjusted tax basis in the share or units, and the corporation's adjusted tax basis in the share or units. See Determining Adjusted Tax Basis, later, under Adjustments.
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