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All glossary terms

Glossary term

Check-the-Box Election

Election on Form 8832 to choose federal tax classification of an eligible entity.

Related terms

1

Jurisdictions

us

Definition

Regulations under Section 7701 allow eligible domestic and foreign entities to elect tax classification. A single-member LLC defaults to disregarded but may elect corporate treatment; a multi-member LLC defaults to partnership but may elect corporate treatment.

Examples

  • A foreign-owned U.S. LLC files Form 8832 to elect C-corp treatment for U.S. federal tax.

Related terms

Translations

ESelección check-the-box
ZH勾选分类选举
DECheck-the-Box-Wahl
FRélection check-the-box
JAチェック・ザ・ボックス選択

Citations

26 C.F.R. · 301.7701-3

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Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.