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Marvin,EA
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1672
Experience:  Enrolled to Represent Taxpayers Before The IRS
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What does check-the-box mean

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Submitted: 8 years ago.
Category: Tax
Expert:  Marvin,EA replied 8 years ago.
Hello and thank you for using Just Answer. What tax form would you like to know about the check-the-box?
Customer: replied 8 years ago.
Reply to Marvin,EA's Post: From a corporation tax point of view
Expert:  Marvin,EA replied 8 years ago.
Are you filing a Form 1120, U.S. Corporation Income Tax Return?
Customer: replied 8 years ago.
Reply to Marvin,EA's Post: Yes
Expert:  Marvin,EA replied 8 years ago.
There are a few check the box on Form 1120. Which one would you like to know about?
Customer: replied 8 years ago.
Reply to Marvin,EA's Post: Basically we have a client who has subsidiaries in the UK and we have been informed that they have check-the-box to change the way in which this is taxed.
Expert:  Marvin,EA replied 8 years ago.
"Check the box" rules: Noncorporate entities, such as sole proprietorships and partnerships, may elect to be taxed a corporations. The election is made by filing Form 8832, Entity Classification Election. Entities designated as corporations under state law (including S corporations) are not eligible to elect out of corporate tax treatment.
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