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What is foreign base company income?

April 26, 2017base COMPANY foreign income

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What is foreign base company income?

1 Answer

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Foreign base company income is comprised of foreign personal holding company income for the taxable year, the foreign base company sales income for the taxable year, foreign base company services income for the taxable year, foreign base company shipping income for the taxable year, and foreign base company oil related income for the taxable year, all as provided and defined in the Code.