Form 5471 is used by U.S. persons involved in foreign corporations to satisfy federal reporting requirements under Internal Revenue Code (IRC) sections 6038 and 6046. The IRS has delineated five categories of persons required to file Form 5471. A person that could be classified in multiple categories with respect to her involvement in a single foreign corporation is not required to file Form 5471 more than once; however, a single person must file Form 5471 for each foreign corporation that she is involved in. A joint Form 5471 may be filed when one or more persons are required to file information regarding the same foreign corporation for the same period.