2021 International Slides 12.09.2021 - FINAL | Page 19

• Foreign Operations / Entity financials ( Income Statement / Balance Sheet ), by country for each foreign entity
• List of all related party transactions , accrued and paid , for each related party
‣ Sales of inventory
‣ Purchases of inventory
‣ Loans
‣ Commissions and services
‣ Payments for intangibles
• Highest balance during the year for each foreign financial account
• Contributions to and distributions from foreign trusts
• Gifts or inheritances from foreign sources
• Payments of interest , dividends , royalties , compensation , etc . to foreign persons and tax withheld , if any
• Treaty provisions for which a treaty benefit is claimed

Information Needed for Foreign filings

• Information needed on an annual basis includes :

• Foreign Operations / Entity financials ( Income Statement / Balance Sheet ), by country for each foreign entity

• List of all related party transactions , accrued and paid , for each related party

‣ Sales of inventory

‣ Purchases of inventory

‣ Loans

‣ Commissions and services

‣ Payments for intangibles

• Highest balance during the year for each foreign financial account

• Contributions to and distributions from foreign trusts

• Gifts or inheritances from foreign sources

• Payments of interest , dividends , royalties , compensation , etc . to foreign persons and tax withheld , if any

• Treaty provisions for which a treaty benefit is claimed

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