KudoZ home » English to French » Bus/Financial

Disregarded entity

French translation: société de personnes morales non prise en compte aux fins fiscales

Advertisement

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
09:26 Jun 12, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: Disregarded entity
Please indicate your beneficial owner type:

Disregarded entity
corporation
partnership......
Sylvie André
France
Local time: 10:55
French translation:société de personnes morales non prise en compte aux fins fiscales
Explanation:
I couldn't confirm a French equivalent, but this explanation might help:
<BR>
"Under the entity classification regulations, the so-called "check-the-box" rules, single-owner pass-through entities (e.g., limited liability companies ("LLCs")) are disregarded for federal tax purposes. The assets, liabilities and operations of the
single-member LLC are treated as assets, liabilities and operations of its owner, resulting in a sole proprietorship where the
owner is an individual, or a branch or division where the owner is a corporation. Proc.& Admin.Regs. § 301.7701-3."
<BR>"A single owner eligible entity can elect either to be taxable as a corporation or to be disregarded for federal
income tax purposes with its activities treated in the same manner as a sole proprietorship, branch or division of its owner.
Finally, the regulations provide for "default" classification for entities failing to make an election."
<BR>Hope this helps, Evelyna
Selected response from:

Evelyna Radoslavova
Canada
Local time: 01:55
Grading comment
4 KudoZ points were awarded for this answer

Advertisement


Summary of answers provided
nasociété de personnes morales non prise en compte aux fins fiscales
Evelyna Radoslavova


  

Answers


1 hr
société de personnes morales non prise en compte aux fins fiscales


Explanation:
I couldn't confirm a French equivalent, but this explanation might help:
<BR>
"Under the entity classification regulations, the so-called "check-the-box" rules, single-owner pass-through entities (e.g., limited liability companies ("LLCs")) are disregarded for federal tax purposes. The assets, liabilities and operations of the
single-member LLC are treated as assets, liabilities and operations of its owner, resulting in a sole proprietorship where the
owner is an individual, or a branch or division where the owner is a corporation. Proc.& Admin.Regs. § 301.7701-3."
<BR>"A single owner eligible entity can elect either to be taxable as a corporation or to be disregarded for federal
income tax purposes with its activities treated in the same manner as a sole proprietorship, branch or division of its owner.
Finally, the regulations provide for "default" classification for entities failing to make an election."
<BR>Hope this helps, Evelyna


    Reference: http://www.pmstax.com/part/disllc9901.shtml
Evelyna Radoslavova
Canada
Local time: 01:55
Native speaker of: Native in BulgarianBulgarian, Native in FrenchFrench
PRO pts in pair: 150
Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also:



Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search