Navigating IRS Form 5471 Schedules E and E-1

In this video podcast, tax attorney Anthony Diosdi provides an in-depth overview of Schedule E and E-1 for IRS Form 5471, focusing on the complexities of reporting foreign source income, understanding foreign tax credits, and navigating the intricacies of the PTEP ordering rules. The discussion emphasizes the importance of seeking professional guidance when preparing these schedules. Chapters: 00:00 Tax Counsel with Anthony Diosdi 00:16 Introduction to Form 5471 Schedules E and E-1 03:40 Part 1. Taxes for Which a Foreign Tax Credit is Allowed 07:09 Section 2 - Taxes Deemed Paid / Intro to PTEP 08:43 Part II Election 09:48 Part III. Taxes for Which a Foreign Tax Credit is Disallowed 11:21 Schedule E-1 19:25 Schedule E-1 Part 1 Columns 31:11 Schedule E-1 Lines 35:28 Wrap Up 36:07 sftaxcounsel.com Connect: Website: https://sftaxcounsel.com/ LinkedIn:   / anthony-v-diosdi   Disclaimer: The information provided in this video podcast is for general educational purposes only and does not constitute legal or tax advice. Please consult with a licensed attorney in your jurisdiction regarding any legal matter or before making any decisions based on the information presented here. Watching this video or listening to this podcast does not create an attorney-client relationship between you and Anthony Diosdi. Use of this information is at your own risk. #irs #irsforms #form5471 #schedulee #schedulee-1 #internationaltax #ptep #taxattorney #taxcompliance