Subpart F

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Subpart F

Special category of foreign-source "unearned" income that is currently taxed by the IRS whether or not it is remitted to the US
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Subpart F

In U.S. taxation, income from foreign subsidiaries of American companies. Income under subpart F is subject to taxation even if it is not repatriated into the United States. Interestingly, subpart F income also includes the amount of money the subsidiary paid in bribes to foreign officials.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved