Get Under Section 927(f)(1) Of The Internal Revenue Code

Filling out Form 8279 under section 927(f)(1) of the Internal Revenue Code is an important step for corporations electing to be treated as foreign sales corporations. This guide will provide clear, step-by-step instructions on how to complete the form online, ensuring a smooth filing process.

Follow the steps to accurately complete Form 8279 online.

1. Click the ‘Get Form’ button to obtain the form and open it for filling out.
2. In item A, enter the employer identification number for the corporation. If you do not have an EIN, apply for one using Form SS-4.
3. Complete item B by providing the principal business classification, including the business activity code number and a description of the business activity.
4. Fill in the address in the United States where the required books and records are maintained, including suite or room numbers, if applicable.
5. Provide the address outside the United States where the corporation maintains its permanent books of account.
6. Indicate the number of shares of common stock issued and outstanding in item D.
7. List the name and address of a member of the board of directors who is not a resident of the United States in item E.
8. Enter the tax year end date for the corporation in item F, referring to the instructions as needed.
9. In item I, supply the names and addresses of each shareholder at the beginning of the tax year the election takes effect.
10. Confirm the election to take effect for the tax year beginning by completing item J with the appropriate date.
11. Obtain and complete the shareholders’ consent statement in item K, ensuring all shareholders sign to validate the election.
12. Finally, review the form for accuracy, and once satisfied, proceed to save changes, download, print, or share the filled form.

Take action now and complete required documents online to stay compliant with tax regulations.