Discussion:Foreign Tax 1120-F
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Discussion Forum Index --> Basic Tax Questions --> Foreign Tax 1120-F
Discussion Forum Index --> Tax Questions --> Foreign Tax 1120-F
| 23 September 2008 | |
| A Foreign Corporation that registered to do business in NY, but has not done any business. The corporation was really set up to be able to sell the Stock of the foreign corporation, before its public offering, meaning it will never do any business in the US, except for earning interest income.
Does the company have to file an 1120-F? Does the corporation have to report any income that was not done in the US? Are there any requirements? | |
LKfromCANADA (talk|edits) said: | 24 September 2008 |
| You are only required to file Form 1120F if the corporation had "income effectively connected with a U.S. trade or business" or passive income that did not have enough tax withheld. See Page 2 of the instructions for Form 1120F - Who Must File http://www.irs.gov/pub/irs-pdf/i1120f.pdf | |
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