Per Se Corporation - Classification Rules | IRS Foreign Corporate Entity (Golding & Golding)

Per Se Corporation – Classification Rules | IRS Foreign Corporate Entity (Golding & Golding)

Per Se Corporation – Classification Rules | IRS Foreign Corporate Entity

The IRS may require your Foreign Corporation to be classified as a U.S. Corporation — even if you prefer to disregard the entity.

Oftentimes, when a person has a U.S. LLC, or S-Corp, they may want to reduce their reporting headaches, and disregard the entity.

By disregarding an entity, the entity still exists (such as an LLC used to own real estate rental property) and still provides the taxpayer with the protection the LLC may bring (avoid personal liability) – but the tax reporting is different.

Instead of having to file pesky forms such as an 1120 or 1065, the person “disregards the entity” and files a schedule C.

Per Se Foreign Corporation List

Foreign Corporations can also be disregarded – as long as they are not considered to be “Per Se Corporations.”

If a Foreign Corporation is considered a per se corporation, then the corporation cannot be disregarded, and full reporting is necessary (usually on a form 5471 if the person qualifies under one of the 5 categories of filers).

  • American Samoa, Corporation
  • Argentina, Sociedad Anonima
  • Australia, Public Limited Company
  • Austria, Aktiengesellschaft
  • Barbados, Limited Company
  • Belgium, Societe Anonyme
  • Belize, Public Limited Company
  • Bolivia, Sociedad Anonima
  • Brazil, Sociedade Anonima
  • Bulgaria, Aktsionerno Druzhestvo.
  • Canada, Corporation and Company
  • Chile, Sociedad Anonima
  • People’s Republic of China, Gufen Youxian Gongsi
  • Republic of China (Taiwan), Ku-fen Yu-hsien Kung-szu
  • Colombia, Sociedad Anonima
  • Costa Rica, Sociedad Anonima
  • Cyprus, Public Limited Company
  • Czech Republic, Akciova Spolecnost
  • Denmark, Aktieselskab
  • Ecuador, Sociedad Anonima or Compania Anonima
  • Egypt, Sharikat Al-Mossahamah
  • El Salvador, Sociedad Anonima
  • Estonia, Aktsiaselts
  • European Economic Area/European Union, Societas Europaea
  • Finland, Julkinen Osakeyhtio/Publikt Aktiebolag
  • France, Societe Anonyme
  • Germany, Aktiengesellschaft
  • Greece, Anonymos Etairia
  • Guam, Corporation
  • Guatemala, Sociedad Anonima
  • Guyana, Public Limited Company
  • Honduras, Sociedad Anonima
  • Hong Kong, Public Limited Company
  • Hungary, Reszvenytarsasag
  • Iceland, Hlutafelag
  • India, Public Limited Company
  • Indonesia, Perseroan Terbuka
  • Ireland, Public Limited Company
  • Israel, Public Limited Company
  • Italy, Societa per Azioni
  • Jamaica, Public Limited Company
  • Japan, Kabushiki Kaisha
  • Kazakstan, Ashyk Aktsionerlik Kogham
  • Republic of Korea, Chusik Hoesa
  • Latvia, Akciju Sabiedriba
  • Liberia, Corporation
  • Liechtenstein, Aktiengesellschaft
  • Lithuania, Akcine Bendroves
  • Luxembourg, Societe Anonyme
  • Malaysia, Berhad
  • Malta, Public Limited Company
  • Mexico, Sociedad Anonima
  • Morocco, Societe Anonyme
  • Netherlands, Naamloze Vennootschap
  • New Zealand, Limited Company
  • Nicaragua, Compania Anonima
  • Nigeria, Public Limited Company
  • Northern Mariana Islands, Corporation
  • Norway, Allment Aksjeselskap
  • Pakistan, Public Limited Company
  • Panama, Sociedad Anonima
  • Paraguay, Sociedad Anonima
  • Peru, Sociedad Anonima
  • Philippines, Stock Corporation
  • Poland, Spolka Akcyjna
  • Portugal, Sociedade Anonima
  • Puerto Rico, Corporation
  • Romania, Societate pe Actiuni
  • Russia, Otkrytoye Aktsionernoy Obshchestvo
  • Saudi Arabia, Sharikat Al-Mossahamah
  • Singapore, Public Limited Company
  • Slovak Republic, Akciova Spolocnost
  • Slovenia, Delniska Druzba
  • South Africa, Public Limited Company
  • Spain, Sociedad Anonima
  • Surinam, Naamloze Vennootschap
  • Sweden, Publika Aktiebolag
  • Switzerland, Aktiengesellschaft
  • Thailand, Borisat Chamkad (Mahachon)
  • Trinidad and Tobago, Limited Company
  • Tunisia, Societe Anonyme
  • Turkey, Anonim Sirket
  • Ukraine, Aktsionerne Tovaristvo Vidkritogo Tipu
  • United Kingdom, Public Limited Company
  • United States Virgin Islands, Corporation
  • Uruguay, Sociedad Anonima
  • Venezuela, Sociedad Anonima or Compania Anonima

Non-Compliance with U.S. Tax Law

Whether it is because you did not you had to report foreign corporations, were below the threshold for filing in a foreign country, and/or have other unreported income, accounts, investments or assets – we can help.

Golding & Golding, A PLC

We have successfully represented clients in more than 1,000 streamlined and voluntary disclosure submissions nationwide and in over 70-different countries.

We are the “go-to” firm for other Attorneys, CPAs, Enrolled Agents, Accountants, and Financial Professionals across the globe.

International Tax Lawyers - Golding & Golding, A PLC

International Tax Lawyers - Golding & Golding, A PLC

Golding & Golding: Our international tax lawyers practice exclusively in the area of IRS Offshore & Voluntary Disclosure. We represent clients in 70+ different countries. Managing Partner Sean M. Golding is a Board-Certified Tax Law Specialist Attorney (a designation earned by < 1% of attorneys nationwide.). He leads a full-service offshore disclosure & tax law firm. Sean and his team have represented thousands of clients nationwide & worldwide in all aspects of IRS offshore & voluntary disclosure and compliance during his 20-year career as an Attorney.

Sean holds a Master's in Tax Law from one of the top Tax LL.M. programs in the country at the University of Denver. He has also earned the prestigious IRS Enrolled Agent credential. Mr. Golding's articles have been referenced in such publications as the Washington Post, Forbes, Nolo, and various Law Journals nationwide.
International Tax Lawyers - Golding & Golding, A PLC

Latest posts by International Tax Lawyers - Golding & Golding, A PLC (see all)