The Resource Subpart F treatment of nonfunctional currency transactions

Subpart F treatment of nonfunctional currency transactions

Label
Subpart F treatment of nonfunctional currency transactions
Title
Subpart F treatment of nonfunctional currency transactions
Creator
Subject
Language
eng
Summary
A U.S. shareholder of a controlled foreign corporation (CFC) is taxed currently on its pro rata share of the CFC's subpart F income. Subpart F income includes foreign base company income (FBCI) as determined under par. 954. FBCI includes foreign personal holding company income (FPHCI), which generally includes income from passive investment activities, including dividends, interest, rents, royalties, and gains from commodity and foreign currency transactions. The subpart F rules generally provide clarity as to how CFC shareholders should treat various classes of income, with reasonable tax outcomes. However, some areas, particularly those addressing many common forms of hedging transactions, remain in need of additional guidance
Citation source
In: Tax management international journal. - Arlington. - Vol. 44 (2015),
http://library.link/vocab/creatorName
Garner Prillaman, G. (Jr.)
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • Subpart F income
  • CFC
  • foreign base company income
  • foreign personal holding company income
  • foreign currency
  • foreign currency gains and losses
Label
Subpart F treatment of nonfunctional currency transactions
Instantiates
Publication
Label
Subpart F treatment of nonfunctional currency transactions
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...