Which of the following is not a broad earnings categorization for a controlled foreign corporation?
A)Subpart F income
B)certain tax-exempt income
C)GILTI
D)transfer pricing

Question

Quizplus · Accepted Answer

Transfer pricing is not a category of earnings for a controlled foreign corporation (CFC); it is a method used to allocate income and expenses between related entities in different tax jurisdictions, not a type of income itself. Subpart F income, certain tax-exempt income, and GILTI (Global Intangible Low-Taxed Income) are specific categories of income that affect the taxation of earnings from a CFC.

Which of the Following Is Not a Broad Earnings Categorization