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/(/), PART/ .1178/11/ / DG CAA USE ONLY / REFERENCE NO / DATE
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Part - CAA stands for Controlled Foreign Corporation Reporting and is used by U.S. taxpayers to report certain interests in foreign corporations.
U.S. taxpayers who meet the criteria for reporting specified interests in foreign corporations are required to file Part - CAA.
Part - CAA should be filled out according to the instructions provided by the IRS. It typically requires reporting information about foreign corporations and the taxpayer's interests in them.
The purpose of Part - CAA is to provide the IRS with information about U.S. taxpayer's interests in foreign corporations in order to prevent tax evasion.
Information such as the name and address of the foreign corporation, the taxpayer's interest in the corporation, and any income or assets related to the corporation must be reported on Part - CAA.
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