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Form 5471 automated preparation

Form 5471 Schedule F - Balance sheet

During TAS Compute and Consolidation, amounts are transferred to individual lines of the Balance Sheet based on tax return codes (TRCs). Amounts transferred from TAS to Form 5471 Schedule F are stored in fields that are not visible within the Organizer – use Tax Forms to review the data. If you manually enter data in Organizer, they will supersede the amounts transferred from TAS.
Tax Return Line
Included TRCs
1 Cash
10-100
2a Trade notes and accounts receivable
10-200
2b Less allowance for bad debts
(10-205)
3 Derivatives
10-520
4 Inventories
10-300
5 Other current assets
10-900
6 Loans to shareholders and other related persons
11-100, 11-150
7 Investment in subsidiaries
11-300
8 Other investments
10-400, 10-500, 10-510, 11-200, 11-400
9a Buildings and other depreciable assets
11-500
9b Less accumulated depreciation
(11-505)
10a Depletable assets
11-600
10b Less accumulated depletion
(11-605)
11 Land (net of any amortization)
11-700
12a Goodwill
11-800
12b Organization costs
11-810
12c Patents, trademarks, and other intangible assets
11-820, 11-830
12d Less accumulated amortization for lines 12a, 12b, 12c
(11-835)
13 Other assets
11-900
15 Accounts Payable
20-100
16 Other current liabilities
20-200, 20-300 through 20-425
17 Derivatives
20-220
18 Loans from shareholders and other related persons
21-100, 21-150
19 Other liabilities
20-250, 20-255, 21-200, 21-300
20a Preferred stock
22-100
20b Common stock
22-110
21 Paid in capital surplus
22-200, 22-400
22 Retained earnings
22-300, 22-310, 22-500
23 Less cost of treasury stock
(22-440)

This article applies to:

  • Product: ONESOURCE International Tax
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