Form 926 Part II Line 9 Controlled Foreign Corporation
Issue: I need to check 'Yes' on Form 926 Part II Line 9, but the default is 'No'.
Issue:
I need to check 'Yes' on Form 926 Part II Line 9, but the default is 'No'. How can I update this selection?
Solution:
On the Foreign Forms tab, check the box for 'Controlled Foreign Corporation' in the transferee record entry.