Form 5471: Which Filers Complete Schedule O?
Only Category 2 and Category 3 filers need to complete Schedule O for Form 5471. This article explains who qualifies for each category, what ownership changes trigger Schedule O, and provides quick reference tips to ensure accurate filing.
Applies To: K-1 Aggregator Tax Module | U.S. International Filers
Overview
Schedule O of Form 5471 is used to report certain organizational and ownership changes of foreign corporations.
Only specific categories of filers need to complete this schedule.
Who Must Complete Schedule O
Filers in Category 2 or Category 3 for Form 5471 must complete Schedule O.
Tip:
Filers in Category 4 or Category 5 (U.S. shareholders who control or own a CFC) do not complete Schedule O unless they also meet Category 2 or 3 criteria.
Quick Reference
- Required: Category 2 and Category 3
- Not Required: Category 4 and Category 5 only