The IRS code for Switzerland is SZ.
For tax purposes, the Internal Revenue Service (IRS) uses specific two-letter codes to identify countries around the world. These codes simplify reporting requirements for various international tax forms and processes.
Understanding IRS Country Codes
The IRS employs a standardized set of country codes, which are crucial for accurate international tax reporting. These codes are consistent across different forms and publications, ensuring clarity and efficiency in tax administration. For example, when filing forms related to foreign income, foreign bank accounts, or foreign-earned income exclusion, taxpayers are often required to enter the specific IRS country code for the relevant jurisdiction.
These codes are vital for:
- Foreign Tax Credit Calculations: Identifying the source country of foreign income and taxes paid.
- Foreign-Earned Income Exclusion: Designating the country where income was earned by U.S. citizens or residents living abroad.
- Reporting Foreign Financial Assets: Including information on Form 8938 (Statement of Specified Foreign Financial Assets) or FinCEN Form 114 (FBAR).
- Information Returns: Used on forms like Form 1042-S, which reports U.S. source income paid to foreign persons.
Switzerland's IRS Designation
As mentioned, for IRS purposes, SZ is the country code used to represent Switzerland. This code is uniformly applied across all necessary tax documentation and electronic filings where a country identification is required.
Here's a quick reference for Switzerland's IRS code:
| Country | IRS Code |
|---|---|
| Switzerland | SZ |
You can find a comprehensive list of foreign country codes used by the IRS in official publications, such as IRS Publication 5133, "Foreign Country Codes," which is regularly updated to reflect current international designations. Utilizing the correct code ensures compliance and helps in the accurate processing of your tax returns.
