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RD Instruction 1951FPART 1951 SERVICING AND COLLECTIONSubpart F Analyzing Credit Needs and Graduation of BorrowersTable of Contents Sec. Page1951.251 Purpose. 1 1951.252 Definitions. 1Commercial classified.
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Subpart F of the tax code governs the U.S. taxation of Controlled Foreign Corporations (CFCs).
U.S. shareholders of CFCs are required to file subpart F.
Subpart F is filled out by reporting income from a CFC on the appropriate tax forms.
The purpose of subpart F is to prevent U.S. taxpayers from deferring U.S. tax by shifting income to controlled foreign corporations.
Information regarding income, expenses, and transactions with the CFC must be reported on subpart F.
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