SUBPART F Definition

Bookmark and Share

SUBPART F of the Internal Revenue Code requires certain income (called subpart F income) of a controlled foreign corporation to be currently included in the gross income of its U.S. shareholder, whether or not this income actually is distributed to the U.S. shareholder.

Learn new Accounting Terms

NPPE is Net Property, Plant and Equipment.

MANUFACTURING OVERHEAD is the total cost of indirect labor, indirect materials, and other indirect expenses associated with manufacturing products.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.