Subpart F Income

Subpart F Income

Subpart F Income means:
income that includes passive activity income and certain types of active income considered particularly mobile (but not active business income). See Subpart F below. See also controlled foreign corporation. Former IRC (check if this IRC provision is current here) §952.

Subpart F in the U.S. Tax Meaning

Term which refers to those sections of the US tax code which provide for the taxation of US shareholders of controlled foreign corporations (CFC) in order to prevent the tax-free accumulation of earnings outside the US.

see Tax Code in the U.S. Encyclopedia and Tax Code in the Global Encyclopedia.

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