Independent form guide. BrieflyGo is not affiliated with or endorsed by IRS, USCIS, SSA, DOL, or any U.S. government agency. Official forms are sourced from public government websites.
Official form guide
Form 5471-SJ: 5471 (Schedule J)
Treasury Internal Revenue Service Form 5471 (Schedule J) is used to report the Accumulated Earnings & Profits (E&P) of a Controlled Foreign Corporation; it must be attached to Form 5471 and includes details on amounts in functional currency.
Need help with Form 5471-SJ?
Open it in the AI Editor for field guidance, checks, and PDF export.
Need help? AI Editor guides you through every field of Form 5471-SJ.
Start filling →Form Overview
IRS Form 5471-SJ - 5471 (Schedule J)
Treasury Internal Revenue Service Form 5471 (Schedule J) is used to report the Accumulated Earnings & Profits (E&P) of a Controlled Foreign Corporation; it must be attached to Form 5471 and includes details on amounts in functional currency.
Risk Radar
Scan points- 1Ensure all amounts entered are in the functional currency of the Controlled Foreign Corporation.
- 2Filing without entering the correct country code if line a requires code 901j.
- 3Omitting amounts from Part I when all U.S. shareholders’ information is available.
- 4Not entering amounts in functional currency for any section of Schedule J (Form 5471).
- 5Failing to combine lines 1c through 6 correctly on Line 7 of Part I.
Plain English
This form helps report how much profit or loss your foreign company has earned over time. It specifically tracks earnings that have already been taxed, those that haven't, and any adjustments related to special tax rules like anti-splitter provisions. The information is reported using the company's functional currency.
Submission Date
- Filing date: 2020-12-03 22:10:28
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
AI co-pilot
Fill it faster. Catch mistakes before you file.
What this form is for
- Use this form when reporting the Accumulated Earnings & Profits (E&P) of a Controlled Foreign Corporation on Form 5471.
- Do not use it when you do not have all U.S. shareholders’ information to complete an amount in column (e) of Part I, as indicated by the box check.
- Check for instructions regarding specific line entries on Schedule H or other sections referenced within Form 5471.
Form selector
Use this form or another form?
Reporting income subject to Subpart F recapture
Because Part II details Nonpreviously Taxed E&P Subject to Recapture as Subpart F Income (section 952(c)(2))
✓ Confirm line 3 balances correctly.
When the filing person lacks complete U.S. shareholder information
To indicate this deficiency in Part I, a box must be checked on page 1
✓ Ensure the appropriate box is marked before completing Part I.
If line 'a' requires entering a country code for sanctions
This applies if code 901j is entered on line 'a' of Part I, requiring the specific country code from instructions
✓ Verify the correct code matches the sanctioned jurisdiction.
Deadline or filing window
The official source does not state a specific filing deadline date for Schedule J (Form 5471). However, it must be attached to Form 5471, and users should check www.irs.gov/Form5471 for related due dates or extension information.
Checklist
What you need before filling it out
Part I: Accumulated E&P
Amounts must be entered in functional currency · Part I (Page 1)
Line 3: Current year E&P
Amount is entered from applicable line 5c of Schedule H · Part I (Page 1)
Part II: Nonpreviously Taxed E&P
Amounts must be entered in functional currency · Part II (Page 3)
Line 14: Balance at beginning of next year
This is a combination of lines 7 through 13 · Part I (Page 1)
Line 6: Other adjustments
A supporting statement must be attached to the form · Part I (Page 1)
Part II, Line 2: Additions
These are amounts subject to future recapture · Part II (Page 3)
Before you submit
- 1Verify that all amounts entered in Part I and Part II are denominated in functional currency.
- 2Confirm that the correct code is entered on line 'a' of Part I if applicable.
- 3If code 901j is used on line 'a', confirm the country code for the sanctioned nation is entered on line 'b'.
- 4Ensure Line 14 (Balance at beginning of next year) correctly combines lines 7 through 13 from Part I.
- 5Verify that a supporting statement is attached if any amounts are listed on Line 6 or Line 12 of Part I.
- 6Confirm that the balance at end of year on Part II, line 4, is the correct combination of lines 1 through 3.
- 7Check that you have entered details for all applicable PTEP categories (e.g., general section 959(c)(1) PTEP on Page 2).
How to file this form
- 1Complete Part I by entering amounts in functional currency, paying close attention to the various E&P categories from lines 1 through 13.
- 2Fill out Part II by reporting Nonpreviously Taxed E&P subject to recapture, ensuring line 4 reflects the correct end-of-year balance.
- 3Review all fields on Page 2 (Part I continuation) to ensure subtotals and reclassifications are correctly populated.
- 4Attach any necessary supporting statements referenced for lines like Part I, Line 6 or Line 12.
- 5Sign the form before sending it to the IRS.
- 6Keep a copy of the completed Form 5471 (Schedule J) for your records.
Known limitations
- 1Part II of Form 5471 (Schedule J) reports Nonpreviously Taxed E&P Subject to Recapture as Subpart F Income under section 952(c)(2).
- 2Amounts entered on the form must be in functional currency.
- 3If a person filing the return does not have all U.S. shareholders’ information needed to complete an amount in column (e) of Part I, they must check the relevant box.
- 4The reference ID number is required for identification and instructions regarding it are found on Form 5471.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition of IRS Form 5471 (Schedule J) is Revision December 2020. The form directs users to www.irs.gov/Form5471 for instructions and the latest information, but no specific changes from a prior revision are detailed in this source excerpt.
What changed or needs a fresh check
- Edition date — confirm the revision reads December 2020.
- OMB Number — confirm the form bears OMB No. 1545-0123.
- Page numbering — confirm you have pages 1, 2, and 3 of Schedule J (Form 5471).
- Currency basis — confirm all amounts are entered in functional currency.
- Reference ID number — ensure this field is populated as directed by instructions.
Quick Facts
Downloads
After you file
- 1Retain a copy of the completed Form 5471 (Schedule J) for records.
- 2Use the current edition of Form 5471 (Schedule J), which is Revision December 2020, when filing.
- 3If code 901j is entered on line a of Part I, the filer must enter the country code for the sanctioned country.
- 4The balance at the beginning of the next year is calculated by combining lines 7 through 13 of Part I (line 14).
- 5For Paperwork Reduction Act purposes, refer to the Instructions for Form 5471.
Sources
- SRCPart I details are found on Form p.1, Part II is found on Form p.3
- SRCThe official title is 5471 (Schedule J) as of Revision December 2020.
- SRCLine a requires the Name of foreign corporation and EIN (if any).
- SRCOn Form p.1, line b specifies entering the country code if code 901j is entered on line a.
- SRCPart I lists five types of E&P in column (e) on Form p.2: General section 959(c)(1) PTEP, Reclassified section 951A PTEP, etc.
- SRCOn Form p.3, Part II shows that the Balance at end of year is calculated by combining lines 1 through 3.
Common confusion points
What is the difference between line 1a and line 1b in Part I?
Line 1c represents the combined total of lines 1a (Post-2017 E&P) and 1b (Pre-1987 E&P), which forms the Adjusted beginning balance after adjustments.
Where does the 'Current year E&P' amount come from?
The current year E&P is entered on line 3, using the amount from applicable line 5c of Schedule H.
How do you calculate the total for Part I (line 7)?
Line 7 combines the totals from lines 1c through 6 to determine the Total current and accumulated E&P.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Refer to www.irs.gov/Form5471 for instructions and latest information.
Questions about IRS Form 5471-SJ
What is IRS Form 5471-SJ used for?
This form helps report how much profit or loss your foreign company has earned over time. It specifically tracks earnings that have already been taxed, those that haven't, and any adjustments related to special tax rules like anti-splitter provisions. The information is reported using the company's functional currency.
Who must file IRS Form 5471-SJ?
A person filing Form 5471 must complete Schedule J (Form 5471).
What information does IRS Form 5471-SJ require?
Part I collects details on the Accumulated E&P of the Controlled Foreign Corporation. Part II tracks Nonpreviously Taxed E&P that is subject to recapture as Subpart F Income.
Where do I file IRS Form 5471-SJ?
The instructions direct users to visit www.irs.gov/Form5471 for routing information and the latest details on where to send the form.
How do I complete IRS Form 5471-SJ?
First, fill out Part I by entering amounts in functional currency for various E&P categories. Next, complete Part II to detail any Nonpreviously Taxed E&P subject to recapture. Finally, combine all figures through Line 13 and record the Balance at beginning of next year on Line 14 before signing.
What happens if IRS Form 5471-SJ is filed incorrectly?
Failure to correctly complete Schedule J (Form 5471) means the Accumulated Earnings & Profits figures reported will be inaccurate, which directly impacts the overall filing of Form 5471.
Source transparency
Copyright & Licensing - US Government Forms
BrieflyGo links to and explains official public form sources. We are not a government agency, and this page is for general form guidance, not legal advice.
Understand the agreement before you sign it.
Review risky clauses in plain English, fix the document, and keep it moving toward signature.