This session provides a "choice of entity" overview for US taxpayers who want to create business entities outside the United States. We review and compare the US tax costs and compliance burdens of different types of corporate and pass-through business entities.
Learning Objectives
• Identify U.S. tax costs and compliance requirements associated with different entity types
• Determine which entity type would be most beneficial to your taxpayer
Major Topics
• Form 5471
• Controlled foreign corporation
• Foreign entities