When a U.S. person owns an interest in a foreign branch or a foreign disregarded entity, it must disclose the ownership and details on the foreign entity on Form 8858 and include it with their U.S. tax return.

In this example, we cover an individual taxpayer with 100% ownership in a foreign disregarded entity.

In addition to the Form 8858, taxpayers must also consider the following additional forms and disclosures:

FBARs:    • Do I Need an FBAR For My Crypto Holdi...  
Form 8938:    • How to Complete IRS Form 8938 For Spe...  
Form 926:    • IRS Form 926  Cash Transfers to Fore...  

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