How to Fill Out IRS Form 8858 - Foreign Disregarded Entity

When a U.S. person owns an interest in a foreign branch or a foreign disregarded entity, it must disclose the ownership and details on the foreign entity on a Form 8858 and include it with their U.S. tax return.

In this example, we cover an individual taxpayer with a 100% ownership in a foreign disregarded entity.

In addition to the Form 8858, taxpayers must also consider the following additional forms and disclosures:

FBARs: https://youtu.be/HXC5OSNMK5U
Form 8938: https://youtu.be/TA6pQugVRZA
Form 926: https://youtu.be/wWNhk-JpMJw

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.