A Foreign Corporation with a Single Class of Stock Is

question 1

Essay

A foreign corporation with a single class of stock is owned equally by Jericho Corporation, a U.S. corporation, and Joshua, a nonresident alien. Joshua owns no Alpha Corporation stock. Is the foreign corporation a controlled foreign corporation (CFC)?

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Definitions:

Nontraditional Places

Locations or venues not commonly associated with typical activities or purposes, often mentioned in the context of unconventional business models or practices.

Restaurants

Establishments specifically designed and equipped to prepare, sell, and serve food and beverages to customers.

Schools

Institutions designed for educating students, typically ranging from primary to higher education levels.

Nontraditional Places

signifies unconventional or unusual locations or venues that deviate from the norm.