Choice of Entity for Foreign Operations via Checking-the-Box: Elections on Form 8832 and Compliance on Form 8858 (Completed)
Date: Friday, October 20, 2023
Instructor: Robert J. Misey
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
In the right circumstances, a timely filed "check-the-box" election on a Form 8832 for a business entity can offer significant tax benefits to U.S. taxpayers. For example, a company may use foreign taxes paid as a credit to eliminate double taxation. A check-the-box election must be properly filed within 75 days of its effective date on a Form 8832. Although ostensibly a simple looking form, an improperly filed Form 8832 can have a deleterious tax effect.
Topics Covered
- Common treaty provisions
- Fundamentals of checking-the-box
- Timing of check-the-box elections
- Domestic tax implications of checking-the-box
- International tax implications of checking-the-box
- Completing a Form 8832 "Check-the-box election"
- International tax compliance for a "checked" entity as disregarded - Form 8858
Learning Objectives
- Understand the tax law, requirements and procedures for making check-the-box elections
- Identify opportunities where making a check-the-box election will save
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
