Page 707 - Large Business IRS Training Guides
P. 707
Answers to DFIC &
EPDFC Examples (cont’d)
a DFIC because it has DFI on one of the E&P
• SFC4 is
12/31/17. This entity could have
measurement dates,
because it has a deficit as
met the definition of EPDFC
11/2/17. However, the priority rule applies and it is a
of
only DFIC.
a DFIC or a EPDFC. It is not a DFIC
• SFC5 is not
because it does not have positive DFI
on either of the
E&P measurement dates. I t
is not an EPDFC because
it does not have a deficit on 11/2/17 since the deficit in
untaxed E&P,
($250), does not exceed the aggregate
of the SFC’s
post-1986 PTEP of $350.
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