On September 17, 2009, the IRS issued Notice 2009-78, announcing its intention to issue regulations that will identify certain stock of a foreign corporation that is to be disregarded for determining foreign corporation ownership under the requirements of Sec.
What does FC stand for?
FC stands for Foreign Corporation
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of FC
We have 109 other meanings of FC in our Acronym Attic
- Foot Candle
- Football Club
- Football Conference (Britain)
- Forage Chopper
- Force Close (software)
- Force Commander (game)
- Forces Citoyennes (French: Citizen Forces, Morocco)
- Foreclosure (also seen as FCL)
- Foreground Channel
Samples in periodicals archive:
Another change for business applies to controlled foreign corporations (CFCs).
General Comments Information on CFCs: * Eliminate individual filings for each controlled foreign corporation (CFC) and simply include a schedule of CFCs containing key information, including the balance in the E&P and tax pools.
367(b)-3(c)(3) Election Where Foreign Corporation has E&P Deficit Date/Time: Wed June 5 15:55:23 EDT 2002 FACTS Canco is a publicly traded Canadian company whose shares are estimated to be held 30 percent by U.
Even if a transaction appears to be tax-free (for example, under Internal Revenue Code section 351 or its reorganization provisions), the involvement of a foreign corporation makes it taxable.
A foreign corporation acquires (directly or indirectly) substantially all of the properties of a domestic corporation (or the trade or business of a domestic partnership); 2.
persons own (directly, indirectly, or constructively) 50 percent or more by vote or value of the stock of a foreign corporation (other than a CFC),(31) all SPOCI is U.
Commissioner, the Tax Court ruled that rent allocated to a foreign corporation under a tax code section 482 adjustment was subject to a 30% gross income tax imposed by section 881.