All Passive Income Earned by a CFC Will Be Treated

question 34

True/False

All passive income earned by a CFC will be treated as foreign personal holding company income under subpart F for U.S. tax purposes.
F.

---

Definitions:

Root Cap

A covering of cells over the root tip that protects the delicate meristematic tissue directly behind it.

Root Tip

The extreme end of a root in a plant, involved in growth and absorption of water and nutrients from the soil.

Tracheids

Long, thin cells found in the xylem of nearly all vascular plants that function in water transport and support.

Vessel Elements

Components of the xylem tissue in plants, which transport water and nutrients from the roots to other parts of the plant.