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Election or Revocation of an Election to Have Certain Taxable Supplies Made between Specified Members Deemed Made for No Conside 2015-2025

Rc4616 2015-2025 Form

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Video instructions and help with filling out and completing Election Or Revocation Of An Election To Have Certain Taxable Supplies Made Between Specified Members Deemed Made For No Consideration Election Or Revocation Of An Election To Have Certain Taxable Supplies Made Between Specified Members Form

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okay for this video i wanted to talk with you about per se corporations from a u.s federal tax perspective so when do these types of discussion points arise when we talk about per se corporations we're talking about foreign entities so entities that are formed outside the u.s and we're speaking about them in the context of are we able to make an entity classification election for that entity so why is this relevant well foreign corporations and a lot of u.s corporations are by default taxed a certain way once you set them up if the entity is what's considered an eligible entity it can change that default classification to something else right within uh certain types of limitations so if we start with the tax code here on what we mean when we say corporation so 7701 a3 is where we have our starting point right so a corporation is a association so that's a legal entity that's set up that where the members have limited liability joint stock companie

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