Discussion:Transfer of cash to foreign corporation
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Revision as of 21:21, 28 August 2009
Discussion Forum Index --> Consumer Questions --> Transfer of cash to foreign corporation
Anirgudkar (talk|edits) said: | 28 August 2009 |
| Hi,
A US Parent has a 100% CFC. US Parent transfers cash to CFC to be used in the active conduct of trade or business. A form 926 needs to be filed. My question is how is the transfer recorded on US Parent's books? Is it a investment in subsidiary? Are the following JE's correct: US Parent: Inv. in Subs Cash Foreign sub: Cash APIC Thanks. | |
| 28 August 2009 | |
| Please give more information. We work for profit and thus, to help you with foreign taxes, need to know the full questions.
SandySea | |
