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Topic: Does IRS recognise Entrepreneurs’ Relief?  (Read 820 times)

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Does IRS recognise Entrepreneurs’ Relief?
« on: March 21, 2019, 01:48:18 PM »
Hello,

Dual citizen living in the UK.

I have retained earnings in a services UK ltd company (100% owner) and considering using Entrepreneurs’ Relief to get the money out. How would the IRS treat this?

I have never filed 8832. I once had to declare Subpart F...was then advised to ensure future contracts are worded so that Subpart F doesn't apply (i.e. not being named in contract, control, right to substitute) so I've been doing that an not filing Subpart F any longer.

Thanks

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