Foreign entities can be subjected to United States income tax requirements when their income is effectively connected to the United States. Such entities can create tax and reporting requirements for United States-based stakeholders as well. An often overlooked — and unfortunately, often oversimplified consideration — is how the foreign entity is classified for United States tax purposes. Critically, the United States maintains its own distinct rules for the classification of foreign entities, and those rules are in no way impacted by how the entity is taxed in its home jurisdiction! Join this webinar for an in-depth discussion of the relevant considerations in this context, including tax ramifications for foreign trusts, foreign corporations, and foreign pass-through entities.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)