This webinar looks at basic Form 5471 preparation, common missteps and misunderstandings. The doctrine of substantial completion is discussed, as well as how Form 5471 interacts with the new section 965 & GILTI provisions.

Learning Objectives

  • Demonstrate accurate completion of Form 5471.
  • Identify common errors in the preparation of Form 5471 and how to avoid them.
  • Understand when Form 5471 is considered substantially complete for purposes of the non-filing penalty.
  • Understand how the §965 transition tax and GILTI interact with Form 5471.


Your registration includes 2 IRS CE as well as:

  • Downloadable course manual and implementation tools as appropriate. These materials are available for download when you log into the webinar.
  • The opportunity to listen to the optional presenter and the other members of the Compass Tax Educators instructional team during the optional question-and-answer session held during the original recording.


Prerequisite: None

Advanced Preparation: None

Program Level: Intermediate

IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00141-19-S

Delivery Method: Self-study/On-demand

Field of Study: Federal Tax Law (IRS)

Credit hours: 2 IRS

Instructor: Mary Beth Lougen, EA, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.


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