Inbound and Offshore Asset Transfers by a U

question 7

True/False

Inbound and offshore asset transfers by a U.S. business can be subject to immediate Federal income taxation under
§ 367.

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Definitions:

Fraction

A numerical quantity that is not a whole number, representing a part of a whole.

Numerator

The top part of a fraction, representing the number of parts out of the whole indicated by the denominator.

Denominator

The number below the line in a fraction, representing the total number of equal parts the numerator is divided into.