Accruals to related foreign persons. (by foreign owned U.S. corporations): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on July 1, 1992. The length of the article is 889 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Foreign persons and corporations are cash-basis taxpayers in the eyes of the IRS, and taxed at time of payment. US based foreign companies with expense accruals to a foreign body can benefit at year end by paying accruals that will net tax deductions. Regulations have been proposed that would deny deductions for interest but allow deductions for royalties, management fees and FSC commissions.

Citation Details
Title: Accruals to related foreign persons. (by foreign owned U.S. corporations)
Author: James A. Ginty
Publication:The Tax Adviser (Magazine/Journal)
Date: July 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n7 Page: 447(2)

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