The Resource Classification of foreign trusts for US tax purposes : they may be called trust, but don't trust the label

Classification of foreign trusts for US tax purposes : they may be called trust, but don't trust the label

Label
Classification of foreign trusts for US tax purposes : they may be called trust, but don't trust the label
Title
Classification of foreign trusts for US tax purposes : they may be called trust, but don't trust the label
Creator
Subject
Language
eng
Summary
Since the United States adopted the 'check-the-box' regulations in 1996, the task of classifying a business entity as a partnership or a corporation has, in most instances, become quite simple. In the case of a eligible entity that wishes to be classified as a partnership (or, wholly owned, a disregarded entity) the now-ancient art of manipulating a four-factor test (and preparing costly legal options) has been replaced by a procedure that literally involves little more than checking a box to achieve the desired classification. The check-the-box regulations did not change the rules for distinguishing business entities from trust, but in the purely domestic context, the distinction has diminished importance
Citation source
In: Canadian tax journal = Revue fiscale canadienne. - Toronto. - Vol. 63 (2015),
http://library.link/vocab/creatorName
Miller, M.J
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • trust
  • check-the-box regulations
  • entity classification
  • partnership
Label
Classification of foreign trusts for US tax purposes : they may be called trust, but don't trust the label
Instantiates
Publication
Label
Classification of foreign trusts for US tax purposes : they may be called trust, but don't trust the label
Publication

Library Locations

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      52.37366609999999 4.9336932
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