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.

IRSExempt Organizations & Benefit Plans (5000 Series)

Official form guide

Form 5471-SM: 5471 (Schedule M)

Form 5471‑SM is Schedule M of IRS Form 5471. It reports transactions between a US shareholder and a controlled foreign corporation (CFC). File it when you must disclose those specific transactions on your corporate information return.

Fillable formOpen in Editor->Download blank PDF

Need help with Form 5471-SM?

Open it in the AI Editor for field guidance, checks, and PDF export.

Fillable formOpen in Editor->

Form Overview

IRS Form 5471-SM - 5471 (Schedule M)

Form 5471‑SM is Schedule M of IRS Form 5471. It reports transactions between a US shareholder and a controlled foreign corporation (CFC). File it when you must disclose those specific transactions on your corporate information return.

Each transaction’s date, type, amount, and any related party details between the shareholder and the CFC.

Risk Radar

Scan points
  • 1Entering incorrect taxpayer identification information — verify SSN or EIN matches IRS records
  • 2Missing the applicable filing deadline — late filing can result in penalties and interest
  • 3Incomplete or missing required information — fill in all applicable fields
  • 4Not keeping a copy of the completed form for your records
  • 5Failing to attach required supporting documents or schedules

Plain English

If you own at least 10% of a foreign corporation and you bought, sold, or transferred money, property, or services with that corporation, you must list each deal on Schedule M. The IRS uses it to see if you’re shifting income abroad.

Submission Date

  • Filing date: 2021-12-28 22:13:24
  • 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.

Explains confusing fields in plain English
Flags missing signatures, dates, IDs, and attachments
Keeps the PDF ready for editor, send, and proof flows
Open AI workspace->

Glossary Terms

foreignincomepartymoney

Hover a term to preview the meaning.

Field map

Compact field-by-field guide

6 fields

General Info

2 items

Taxpayer Name and TIN

Full legal name and taxpayer identification number (SSN or EIN).

Requiredtext
Address

Current mailing address.

Requiredtext

Details

2 items

Required Information

Complete all applicable sections of this form according to the official IRS instructions.

Requiredtext
Amount (if applicable)

Enter the relevant dollar amount if this form involves tax calculation.

amount

Certification

1 items

Certification Statement

Read and acknowledge any certifications required by this form.

Requiredcheckbox

Signatures

1 items

Signature

Sign and date. Unsigned forms cannot be processed.

Requiredsignature
This compact map shows typical fields for this form type. The AI Editor gives precise field guidance after you open the PDF.

Almost done reviewing the fields?

Fillable formOpen in Editor->

Form Preview

Form 5471-SM page 1

Page 1

Form 5471-SM page 2

Page 2

Open in AI Editor →

Quick Facts

US persons who are 10% or greater shareholders of a CFC and must file Form 5471.
Each transaction’s date, type, amount, and any related party details between the shareholder and the CFC.
Attach Schedule M to the Form 5471 that is due with the shareholder’s income tax return (generally April 15, with extensions to October 15).
File electronically with the individual’s Form 1040 using the IRS e‑file system, or mail the paper return to the address listed in the Form 1040 instructions.
Incorrect or missing Schedule M can trigger penalties of $10
Provide plan identifying information, participant counts, financial data, and compliance certifications.

Downloads

Blank Form 5471-SM↗

Fill Form 5471-SM

AI-powered guidance for every field

Fillable formOpen in Editor->

Free to start / No account required

Ready to get started?

Upload the form or open it in the AI Editor for intelligent guidance

Fillable formOpen in Editor->

Source transparency

Copyright & Licensing - US Government Forms

Independent guide

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.

Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Verify current license terms with the source agency before reuse outside this platform.

Never sign without understanding every clause.

BrieflyGo reviews your contracts in plain English — instantly.

Try for free →