Outgoing Investment

What is a foreign sales corporation (FSC)?

Any corporation created or organized under the laws of a foreign country that meets Code requirements, or under the laws applicable to any possession of the United States, has no more than 25 shareholders at any time during the tax year, does not have any preferred stock outstanding at any time during the tax year, and maintains an office located outside the United States, or in any possession of the United States that meets other Code requirements.

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