How to Fill Out IRS Form 8804 & 8805 for Foreign Partners

When a partnership earns U.S. source effectively connected income, it may be required to file Form 8804 & 8805 if there are any foreign partners in the partnership.Show more

The first step is to determine whether the partnership is engaged in U.S. trade or business and has U.S. source ECI.

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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.