Schedule E-1 contains information about the taxes on different categories of E&P within the CFC. The taxes must be categorized as related to either Subpart F income, Tested Income, Residual Income, or the taxes are suspended. In our example, the CFC is based in the Cayman Islands and is not subject to any income taxes or withholding taxes. The Schedule E & E-1 presented are still required schedules, even in cases where the CFC has no tax exposure. This is the 9th video in a series which covers the preparation of IRS Form 5471 for the 2021 tax year. Each schedule has a separate video within the playlist titled "IRS Form 5471 - Beginner Series". A list of all of the videos with links is included in the description below. The IRS Form 5471 is filed by U.S. persons that have an interest in a Controlled Foreign Corporation (CFC). The sample Form 5471 covered in this playlist is for a U.S. person that is a majority shareholder (75%) of a Cayman Island's Corporation. The remaining 25% of the stock is owned by a non-U.S. shareholder. The CFC invests in various stocks, bonds & other investments, so the earnings of the CFC will constitute Subpart F income, specifically Foreign Personal Holding Company (FPHC) income under Section 954(c). The link to the complete playlist and each individual video is below. Playlist: https://youtube.com/playlist?list=PLTdpzKOWNutRd5KkMXY-poGRxq__PIIjv Complete list of videos in the tutorial. We recommend watching in the order presented. 1. Introduction & Page 1 of Form 5471: https://youtu.be/JzeOp98dxHQ 2. Schedule B: U.S. Shareholders: https://youtu.be/LmOvAoRksXo 3. Schedule C: Income Statement: https://youtu.be/S4eSnDqTPw8 4. Schedule F: Balance Sheet: https://youtu.be/OjrKJoXdvzg 5. Schedule H: Current E&P: https://youtu.be/lnUAMcyQrYM 6. Schedule I & Worksheet A: Shareholder's Income from FC: https://youtu.be/3Xi3Q3L87v8 7. Schedule G: Other Information: https://youtu.be/IlwNzriFojk 8. Schedule E: Income & Taxes Paid: https://youtu.be/nroDUwsI0IQ 9. Schedule E-1: Taxes Related to Type of Income: https://youtu.be/ulg89Glet0Q 10. Schedule M: Related Party Transactions: https://youtu.be/JZ1KtoEj0s0 11. Schedule I-1: GILTI: https://youtu.be/4DVR4kKXWvs 12. Schedule J: E&P of Corporation: https://youtu.be/iXvEs2asTBE 13. Schedule P: Previously Tax E&P of US Shareholder: https://youtu.be/hXCXT86xOgo 14. Schedule Q: CFC Income by Groups: https://youtu.be/VrY5uIDuGyU 15. Schedule O: Organization & Stock Acquisition: https://youtu.be/nCM82GETLHo 16. Category 3 Indebtedness Statement: https://youtu.be/Fs3O_-Od4kg 17. Schedule R: Dividend Distributions: https://youtu.be/fmO3Yck2KJ0 18. Where to Report Subpart F Inclusion: https://youtu.be/ZLK7tem7vMw Jason’s Page: https://jasondknott.com/ Knott PLLC: https://www.knottpllc.com/ Need more help? Schedule a Consultation: https://jasondknott.com/Consultation ✅ TAX & ACCOUNTING TRAINING GUIDES Udemy - https://jasondknott.com/Udemy Gumroad - https://jasondknott.com/Gumroad ✅ AFFILIATE LINKS Open an LLC with Inc File: https://jasondknott.com/IncFileCompanyLLC Signup Bonus with M1 Finance - https://jasondknott.com/M1_Finance Open a Bitcoin IRA - https://jasondknott.com/BitcoinIRA Protect your Privacy with Nord VPN - https://jasondknott.com/NordVPN Open a Webull Stock Account - https://jasondknott.com/Webull File Taxes with TurboTax - https://jasondknott.com/TurboTax File Taxes with TaxSlayer - https://jasondknott.com/TaxSlayer Open a Wise Bank Account - https://jasondknott.com/Wise Try Amazon Prime - https://jasondknott.com/AmazonPrime ✅ FOLLOW JASON HERE: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. This description includes links to affiliates. I may earn a commission or referral bonus if you use these links to purchase products or services from the providers. Thank you. #Form5471 #ControlledForeignCorporation #CFC #SubpartF ... https://www.youtube.com/watch?v=ulg89Glet0Q

Are you a non-U.S. person that is generating U.S. source income? If so, you may be subject to U.S. federal income taxes. Either you will have the taxes withheld at source by a third-party, or you will be responsible for filing a federal tax return and paying the taxes yourself. Purchase our tax guides and tutorials here: https://gumroad.com/jasondknott https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott #IRS #Taxes #Form1040NR Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 ... https://www.youtube.com/watch?v=QEkQzUncBkw

So why did Coinbase stop using Form 1099-K to report the sales transactions? Congress passed the Infrastructure Investment & Jobs Act back in November 2021. In the bill, they added new reporting requirements for cryptocurrency transactions. Starting in 2024, crypto brokers like Coinbase will need to file Form 1099-B to report the trades made within your Crypto accounts. Businesses will also need to file a Form 8300 if they receive any cryptocurrency payments in excess of $10,000. Need help with IRS Form 8300: https://youtu.be/U-J4OZJ2-Qw Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Jason here: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 #CryptoTaxes #Form1099 #Form8300 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you. ... https://www.youtube.com/watch?v=PgJUN51oKwg

If you are the owner of a single-member LLC and you actively run the business, you are probably wondering how you pay yourself. The method of payment depends upon how the entity is taxed for federal tax purposes. Purchase our tax guides and tutorials here: https://www.udemy.com/user/jason-knott-2/ Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott #IRS #Taxes #LLC Follow Jason here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17 ... https://www.youtube.com/watch?v=CQs555lN8c4