When to file Form 5471?

[zenjk]

Hello,

I hope I am adding this thread under the right topic, I apologize if I am not.
I have a question related to Form 5471 filling and hope that the experts here will be able to help me.

We started a offshore dev center in India in 2006 with local initial capital investment. In 2009 the US company wired the investment to buy 70% stake in the India company. For various reasons, the India company reflected the investment to the RBI and Ministry of company affairs in 2011 and that's when the share certificate was provided to the US company.

The question:
When should the US company file the Form 5471? 2009 year end or 2011 year end?

Thanks in advance

 

[kirby]

Since the penalty for filing this form late is $10K and that may apply to you for two separate years you really need to speak to a tax atty on this one. Do so now before another year -and possible penalty -applies.