Page 620 - Large Business IRS Training Guides

Tested Income Example

Facts:

• CFC has gross
income of 225x, of
USP which there is FBC sales
income of
FOGEI of $75x, and other
100x,
income of 50x.

Analysis:

tested income is 50x
• CFC’s gross
because subpart F
income and
gross
FOGEI are excluded from

CFC tested income.

FBCSI: 100x

FOGEI: 75x
Other income: 50x

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