A "US Shareholder" for Purposes of CFC Classification Is Any U

question 74

True/False

A "U.S. shareholder" for purposes of CFC classification is any U.S. person who owns directly, indirectly, and constructively at least 50% of the voting power of a foreign corporation.

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Definitions:

Fantasize

To imagine or create vivid pictures in one's mind about desires or scenarios that are not currently real.

Sexual Liaisons

Intimate physical or romantic connections or encounter between individuals.

Noncustodial Parent

A parent who does not have legal custody of their child, meaning the child does not live with them the majority of the time.

Childrearing Expenses

Costs associated with raising a child, including food, housing, education, and healthcare.