Page 467 - Large Business IRS Training Guides
P. 467
Form 8858 (Rev. 12/2018)
–
Summary of
Changes
The following changes
were made to Form 8858 due to TCJA.
8858
• Name change of Form
• Filing requirements
– expanded to include foreign branches (FBs)
(FDEs) of U.S. owners,
in addition to foreign disregarded entities
CFCs, or CFPs
FDE was owned by U.S., CFC, or CFP
• Identify whether the FB or
• Revisions to Sch C (Income Statement)
and Sch C-1 (Section
987 Gain or Loss Information)
to questions in Sch G – added BEAT and QBU
• Changes
revised the Dual Consolidated
questions, as well as significantly
questions
Loss (DCL)
• New
Sch I – Transferred Loss Amount (IRC 91)
– Income Taxes Paid or Accrued
• New Sch J
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