Jurisdiction Assignment Best Practice

Summary:

Do Jurisdiction assignments in TRCS need to explicitly follow geographic location?

Content (please ensure you mask any confidential information):

We have some new entities that have been set up recently. Tax team is calling them "Disregarded" entities for purposes of the US Tax return. I think this just means activity will be included in a different existing US entity.

The entities are physically located in Ireland. My assumption is that they should be assigned IE Jurisdiction. Tax team was assuming it would be US.

One member of our tax team mentioned that at a previous company with different system, they would set up two different foreign entities…one to facilitate local country tax and one to flow into US tax group correctly.