This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. English to French

Disregarded entity

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

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: 23:05
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: 14:05
Grading comment
4 KudoZ points were awarded for this answer



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: 14:05
Native speaker of: Native in BulgarianBulgarian, Native in FrenchFrench
PRO pts in pair: 150
Login to enter a peer comment (or grade)



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.

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:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search