What Form Is Used by a U

question 60

Multiple Choice

What form is used by a U.S. corporation to "check the box" to elect the U.S. tax consequences of forming a hybrid entity outside the United States?

• A)Form 1118
• B)Form 1120
• C)Form 8832
• D)Form 8833

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Definitions:

Empirical Ideas

Concepts or thoughts derived from or verified by observation, experience, or experiment as opposed to theory or pure logic.

Indubitable

Not susceptible to being doubted.

Empiricism

The philosophy that insists that all knowledge, except for certain logical truths and principles of mathematics, comes from experience. The term British empiricism is often used to refer specifically to the three philosophers John Locke, George Berkeley, and David Hume. This movement is still very much alive, however, and includes Bertrand Russell and other contemporary philosophers.

Descartes

René Descartes, a French philosopher, mathematician, and scientist, considered the father of modern Western philosophy.