Assume the following structure exists for tax year 2023. All ownership is both vote and value. 100% Nonresident Alien US C Corporation 49% 38% 13% U.S. Individual 50% 50% Nonresident Alien Swiss Corporation France Corporation Russia Corporation Which of the following entities are CFCs in 2019? a) Swiss Corporation b) France Corporation c) Russia Corporation d) Both A and B e) A, B and C
Assume the following structure exists for tax year 2023. All ownership is both vote and value. 100% Nonresident Alien US C Corporation 49% 38% 13% U.S. Individual 50% 50% Nonresident Alien Swiss Corporation France Corporation Russia Corporation Which of the following entities are CFCs in 2019? a) Swiss Corporation b) France Corporation c) Russia Corporation d) Both A and B e) A, B and C
Chapter13: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 48P
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Transcribed Image Text:Assume the following structure exists for tax year 2023. All ownership is both vote and
value.
100%
Nonresident
Alien
US C Corporation
49%
38%
13%
U.S. Individual
50%
50%
Nonresident
Alien
Swiss Corporation
France Corporation
Russia Corporation
Which of the following entities are CFCs in 2019?
a) Swiss Corporation
b) France Corporation
c) Russia Corporation
d) Both A and B
e) A, B and C
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