Check-The-Box Rules
/ˈtʃek ðə bɒks rulz/
Definitions
- (n.) U.S. Treasury regulations allowing certain business entities to choose their classification for federal tax purposes by filing an election form.
Many businesses rely on the check-the-box rules to simplify their tax classification.
Forms
- check-the-box rules
- check-the-box rule
Related terms
See also
Commentary
These rules streamline entity classification but require careful election to optimize tax outcomes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.