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WebThis article will focus on Schedule J. Schedule J tracks the earnings and profits of a controlled foreign corporation (“CFC”). This article is designed to supplement the IRS instructions to Schedule J. Schedule J has dramatically changed for the 2024 tax season. Schedule J now includes Part 1 entitled “Accumulated E&P of Controlled ... WebMay 12, 2024 · 30 Second Summary. In GTM’s recent webinar session, Back to the Future: Significant Changes Expected to the 2024 Form 5471 (Again), we examined the changes to the form expected for tax year 2024. This included a detailed overview of new schedules Q and R, which require taxpayers to provide significant amounts of information not … tacos beach blvd
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