LO.1 Liang, a U.S. citizen, owns 100% of ForCo, a foreign corporation not engaged in a U.S.
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LO.1 Liang, a U.S. citizen, owns 100% of ForCo, a foreign corporation not engaged in a U.S. trade or business. Absent any dividends or Subpart F inclusions, is Liang subject to any U.S. income tax on the profits of ForCo?
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Related Book For 
South Western Federal Taxation 2011 Taxation Of Business Entities
ISBN: 9780538498616
14th Edition
Authors: James E. Smith, William A. Raabe, David M. Maloney
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