Level 1

Question

We are a UK-based corporation with base in UK, no offices in US, but business in US. We need to file 1120F. How do we enter our foreign address?

Forum|Forum|5 years ago
July 15, 2020
1 reply
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We just created an account on intuit proconnect tax. We can add a foreign address for our account but, we do not see how to create 1120F for an entity with a foreign address. If we try to add ourselves as our own "clients", there is no way to select foreign address there.

ProConnect Tax Online

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Level 5

Hello albertop!

Create the client using just the Business Name

When preparing the 1120-F, you can then select the option to use a foreign address as the entities address.

To generate Form 1120-F, begin an 1120 Corporate return:

Go to the Client Information screen.
Scroll down to the Miscellaneous Info section.
Check the box, 1120-F Filer?.
Go to Miscellaneous Information screen.
Scroll down to the Foreign Corporations (1120-F Filers) section.
Complete all applicable information.
Go to the Foreign Taxes (1120-F) screen.
Complete all applicable information.

Level 2

Just added 1120F client that does not pay branch profits tax. How do I claim that exemption in Lacert?