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Screen 5471-2 - Other Information and Foreign Corporation Stock (1065)

Foreign Corporation Information (Continued)

Enter
X
 if no election under IRC section 898(c)(1)(B) can be made because the specified foreign corporation is a foreign personal holding company or no election is being made for a specified foreign corporation that is a controlled foreign corporation, but the specified foreign corporation is changing its first taxable year to conform to the required year. "Change in Taxable Year" prints at the top of Form 5471.
Enter
X
 if the election under IRC section 898(c)(1)(B) involves a change in the taxable year of the controlled foreign corporation. "Section 898(c)(1)(B) Election - Change in Taxable Year" prints at the top of Form 5471.
Enter
X
 if the election under IRC section 898(c)(1)(B) doesn't involve a change in the taxable year of the controlled foreign corporation. "Section 898(c)(1)(B) Election" prints at the top of Form 5471.
Enter
X
 if the election under IRC section 338(g) was made during the year. If you enter
X
, Form 8883 should also be filed. Enter data for Form 8883 in the Non Calculating folder.
Enter the location of the books and records of the foreign corporation if different from the address of the person with custody of the books and records. The application reports this information in a statement attached to Form 5471, Page 1, line 2d.
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