Subpart F
Subpart F
Special category of
foreign-source "un
earned" income that is currently taxed by the IRS whether or not it is remitted to the US
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.
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