Which of the Following Transactions by a U

question 6

Multiple Choice

Which of the following transactions by a U.S.corporation may result in taxation under § 367?

• A)Incorporation of U.S branch as a U.S.corporation when the branch earns only foreign-source income.
• B)Incorporation of a U.S.branch by a U.S.corporation when the branch earns only U.S.-source income.
• C)Incorporation of a U.S.branch as a U.S.corporation if the new U.S.corporation also has foreign shareholders.
• D)Incorporation of a U.S.branch as a U.S.corporation if the new U.S.corporation has no foreign shareholders.