Schedule H Archives

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Schedule H: Current E&P of a CFC on IRS Form 5471

The IRS Form 5471 is generally filed by U.S. persons that have an ownership interest or relationship with a controlled foreign corporation (CFC). The Schedule H is included to report the foreign corporation's current earnings and profits for U.S. tax purposes.

Jason Knott2024-07-05T13:54:22+00:00Tags: CFC, Controlled Foreign Corporation, Form 5471, Schedule H|

Form 1040 Schedule H for Household Employee Taxes

If an individual taxpayer employs a full-time or part-time household employee, those wages and taxes are disclosed on Schedule H and included with the employer's Form 1040 income tax return.

Jason Knott2024-07-12T09:52:35+00:00Tags: FICA, Form 1040, Household Employee Taxes, Schedule H|

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