Can I e-file form 5471 with TurboTax like you can with TaxAct?

[TomK]

Unfortunately, No.  Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations is not supported by the TurboTax personal tax preparation software.  To attach this form to your personal tax return you must print and mail the tax return.  

IRS Form 5471 - https://www.irs.gov/pub/irs-pdf/f5471.pdf

IRS Form 5471 instructions - https://www.irs.gov/pub/irs-pdf/i5471.pdf

[kgopalrao]

This year I am filing 5471 for the first time.
I downloaded the form and filled it manually. 
For the rest of my personal taxes I used Turbo Tax.

Now I am ready to file.

Can I efile using TurboTax and then send f5471, f5471-sp seperately by mail

Or do I have to file everything regular mail? 

[Critter]

The form 5471 instructions clearly states that the form must be attached to the appropriate tax return therefore you must mail in the tax return because e-filing is not allowed in TurboTax if you have attachments.

[mh1nt]

So to recap, if you need to file a 5471, you can :

1) do all of your basic tax return paperwork with TurboTax, 2) print the basic paperwork

3) attach 5471 

4) mail together

Correct? 

[DoninGA]

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@mh1nt wrote:

So to recap, if you need to file a 5471, you can :

1) do all of your basic tax return paperwork with TurboTax, 2) print the basic paperwork

3) attach 5471 

4) mail together

Correct? 

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Correct...

[cabe-franklin]

I would be thrilled if TurboTax caught up with the competition here.  I have been printing and mailing for years because I thought the IRS wouldn't accept e-filed 5471s.  Now I know it's just that TurboTax doesn't care about its customers who have to file these forms. 

[flower_1939]

I thought that I could fill in Form 5471 in TurboTax and ended up doing google search on how to file form 5471 where it brought up me here.  I do believe that Intuit turbo tax should catch up this to compete with it's rivals.

[kpublishing]

Agreed. TurboTax should at least add the capability of attaching a completed 5471 PDF and then e-file.

[jmr63]

TT team - any update here?  Can we use TT for 5471 or do we keep using TaxAct?

[DoninGA]

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@jmr63 wrote:

TT team - any update here?  Can we use TT for 5471 or do we keep using TaxAct?

---

IRS Form 5471 is not supported in any of the TurboTax programs for tax year 2021.

[cabe-franklin]

I have probably used TTax for 20 years, but this year I am trying TaxAct, 100 percent because of this issue.  It took nine months for my filed-on-time 2020 return to get processed, and to get my refund - huge IRS backlog with paper returns.  Never again.  I actually just started my online 5471 this morning, and it is such a relief.  

[jmr63]

This is indeed the most compelling reason and why I did 2020 with TaxAct - as my 2019 taxes weren't processed for ~ 9 months - and I got notices from the IRS because they didn't have my taxes yet - even though they had them but hadn't processed them!   I'll do 2021 with TA again .. even though I prefer TT's overall quality/performance.   How hard can one form be?  Gosh .. 

[toka78]

Thank you for the TaxAct suggestion.  Tax year 2021 was the first one I had to file 5471 after so many years of being a loyal TurboTax customer.  And after TurboTax's non-support of 5471, the non-ability to e-file my return, and the impending months and months of wait time for my refund because of this, I will be switching to TaxAct for tax year 2022