A hybrid entity established in Ireland is treated as a flow-through entity for U.S. tax purposes and a corporation for Irish tax purposes.

Question

Quizplus · Accepted Answer

This is known as a "check the box" entity classification, which allows the entity to choose how it will be treated by the IRS for U.S. tax purposes. In this case, the entity has chosen to be treated as a partnership (flow-through) for U.S. tax purposes and as a corporation for Irish tax purposes.

A Hybrid Entity Established in Ireland Is Treated as a Flow-Through