accumulated post-1986 deferred foreign income
Defined in 1 place of the United States Code.
The term “accumulated post-1986 deferred foreign income” means the post-1986 earnings and profits except to the extent such earnings—
(A) are attributable to income of the specified foreign corporation which is effectively connected with the conduct of a trade or business within the United States and subject to tax under this chapter, or
(B) in the case of a controlled foreign corporation, if distributed, would be excluded from the gross income of a United States shareholder under section 959.
Source
- 2018–present26 U.S.C. § 965Internal Revenue Code · Temporary dividends received deduction · for purposes of this section
The term "accumulated post-1986 deferred foreign income" means the post-1986 earnings and profits except to the extent such earnings—
(A) are attributable to income of the specified foreign corporation which is effectively connected with the conduct of a trade or business within the United States and subject to tax under this chapter, or
(B) in the case of a controlled foreign corporation, if distributed, would be excluded from the gross income of a United States shareholder under section 959.
To the extent provided in regulations or other guidance prescribed by the Secretary, in the case of any controlled foreign corporation which has shareholders which are not United States shareholders, accumulated post-1986 deferred foreign income shall be appropriately reduced by amounts which would be described in subparagraph (B) if such shareholders were United States shareholders.
Source
- 2017–201826 U.S.C. § 965Internal Revenue Code · Temporary dividends received deduction · for purposes of this section