Page 287 - International Taxation IRS Training Guides

Compare
BOY and EOY GTOC

 Why compare BOY and EOY GTOCs?

any entity structure changes that may affect
• To identify
the tax
attributes of the US filer for the current year and
year
to year changes

in entity structures may result from:
 Changes

• Acquisitions

• Dispositions

• Reorganizations

entity structure for US purposes only
• Change in tax (e.g.,
CTB
election, F-Reorgs, conversion to LLC, etc.)
deemed liquidation of a CFC or other CTB
− A CTB
in deemed restructurings without any
actions can result
foreign legal consequences.

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