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Tax

Apr. 16, 2014

Stay ahead of the curve when choosing desired tax treatment

Entering the U.S. starts the clock for many tax filing and compliance deadlines, one of which involves choosing which type of entity you prefer to file as. By Douglas W. Schwartz


By Douglas W. Schwartz


A foreigner starting business in the U.S. usually hires attorneys for visas, leases and licenses. The tax advisor comes later, when returns loom. This tendency is unfortunate because entering the U.S. starts the clock for many tax filing and compliance deadlines, one of which is filing an IRS Form 8832 (Entity Classification Election).


Tax advisors call Form 8832 a "check-the-box" election because the client actually do...

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