Form 8832: Employer Identification Number.

Forum|Forum|6 years ago
May 29, 2020
1 reply
17 views

A foreign entity with a single owner having limited liability, electing to be an entity disregarded as an entity separate from its owner.

Does the newly incorporated foreign entity need to apply for EIN to complete Form 8832? Are you allowed to leave the EIN box blank on f8832?

Thanks for your time and comment.

ProConnect Tax Online

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itonewbie

Level 15

Yes, EIN is needed.

---------------------------------------------------------------------------------Still an AllStar

itonewbie

Level 15

You may have already thought through it. Assuming this is a non-per se foreign entity, CTB election will certainly make the reporting much simpler. However, it may not always be the best option and alternative to CTB election is available.

---------------------------------------------------------------------------------Still an AllStar

T

The Real HalloweenAuthor

Level 6

@itonewbie

Thanks for your comments.

Please let me know what the CTB election is and the alternative to such election.

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