In the int’l space, this in itself can be a difficult question. There are countless designations for business entities around the world. Determining the type of entity can often be a challenge. In some cases, the instructions on IRS Form 8832 help. In others, guesswork, process of elimination and/or additional filings may be required.

After determining you are a corporation, next you must determine which filer category(ies) you fall into. There are 5 (not including subcategories) and they are not mutually exclusive. For instance, you can be both a Category 2 and 3 filer at the same time. Each category has different filing requirements.

Another difficult question. Sometimes partnership or disregarded entity treatment may be far superior. An assessment of your individual circumstances is key.

often these forms require balance sheet and income statement reporting, which is often in another language and non-traditional format. We’re used to this sort of thing.

After a full assessment of your filing requirements, how can we reduce them? Making your tax returns simpler saves time and service fees.

can we further reduce tax by modifying the company or making other changes?