Form 5472 valuation: when can I use a reasonable estimate instead of an exact amount?
I have an intercompany services charge between my foreign-owned Wyoming LLC and my parent company in Singapore, but I can't get the exact figure until the parent's books close in late April. Form 5472 is due April 15. Do I have to wait for an exact number, or can I report an estimate and amend later? My CPA mentioned a 'safe harbor' but couldn't explain it.
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