International Tax Lunch: Section 962 Election Statement: Purpose and Requirements
An individual who makes the Section 962 election must send a statement to the IRS with their return. However, no tax form has been created just for the individual taxpayer making a Section 962 election. This session reviews the Section 962 basics and then thoroughly examines the statement's requirements. We'll do a step-by-step walkthrough of a sample statement.
- U.S. shareholders of foreign corporations
- Section 962
- Subpart F income
- GILTI income
- Determine when the Section 962 election is beneficial
- Identify the Section 962 statement requirements
CPAs and attorneys
Registration for this course has passed.
Applicable if you are a HSCPA member in good standing.
Applicable if you are not a HSCPA member.