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United States: Country-by-country reporting updates from IRS

United States: Country-by-country reporting updates

The IRS today released information about country-by-country reporting in the United States.

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An IRS transmittal message explains that the IRS has updated the instructions for Form 8975, Country-by-Country Report, to reflect the following:

  • Revised mailstop for U.S. multinational entities (MNEs) filing paper versions of Form 8975:

Internal Revenue Service
Mailstop 4950
1973 N. Rulon White Blvd.
Ogden, UT 84201

If a U.S. MNE files Form 8975 and Schedules A (Form 8975) on paper, the filer must follow the instructions carefully. The Form 8975 and Schedules A (Form 8975) must be attached to the applicable paper tax return.

  • Updated guidance on “stateless” country codes and the tax jurisdiction table for Schedule A (Form 8975) for U.S. MNEs that must submit a Schedule A (Form 8975) for each tax jurisdiction where one or more constituent entities is a tax resident. The tax jurisdiction field in Part I of Schedule A is a mandatory field, and U.S. MNEs are required to enter a two-letter code for the tax jurisdiction to which the Schedule A pertains. The country code for the United States is “US” and the country code for “stateless” is “X5.” All other country codes can be found at www.IRS.gov/CountryCodes.

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