Purpose of Form 926
Form 926 is vital for C corporations as it facilitates reporting property transfers to foreign corporations.
It enables the IRS to monitor and track C corporations' investments in foreign entities, ensuring adherence to tax laws.
No items found.
Deadline:
October 16, 2023
for e-filing
Deadline for this form has passed
Form 926
$
75
once annually
$
$
200
Form 926 reports property transfers to foreign corporations by C corporations.
Mandatory for
U.S. corporations acquiring 10% or more of a foreign corporation's voting power or value must file Form 926.
Penalties
The penalty amount is based on property value: $10,000 or 10%, whichever is higher.
Due date
Within 90 days of acquiring a substantial amount of stock or assets in a foreign corporation, a C Corporation must file Form 926.
Summary of US BEA Deadlines
Form
Type
Popular
Frequency
Popular
Mandatory for
Popular
BE-10
Deadline:
2025
2025
US DI Abroad
(Benchmark Year)
(Benchmark Year)
Every 5 years
U.S. person who had voting stock of 10% or more of a foreign business enterprise at the end of 2024.
BE-11
Deadline:
May 31, 2023
May 31, 2023
US DI Abroad
(Annual)
(Annual)
Every year
U.S. domestic business that has one or more foreign affiliates.
BE-12
Deadline:
June 30, 2023 for eFile
June 30, 2023 for eFile
FDI into US
(Benchmark Year)
(Benchmark Year)
Every 5 years
U.S. business owned or controlled by a foreign person at the end of 2022 including e-commerce, real estate etc.
BE-13
Deadline:
Within 45 days of acquisition
Within 45 days of acquisition
FDI into US
(If any transaction)
(If any transaction)
Every year
U.S. business when a foreign entity acquires a voting interest of at least 10 per cent or if the cost of acquisition is more than $3M to establish a new legal entity (or real estate).
BE-15
Deadline:
2024
2024
FDI into US
(Annual)
(Annual)
Every year
U.S. business owned or controlled by a foreign person at the end of 2023 including e-commerce, real estate etc.
FAQs
Why is it essential for C corporations to file Form 926?
Filing Form 926 is crucial because it allows the IRS to monitor and track investments made by C corporations in foreign entities, ensuring compliance with tax laws.
Can C corporations electronically file Form 926?
C corporations can electronically file Form 926 through the IRS's Modernized e-File (MeF) system.
What is Form 926 used for by C corporations?
C corporations use Form 926 to report property transfers to foreign corporations.
