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WebJun 4, 2015 · Passive Foreign Investment Company (“PFIC”) – Form 8621 ... that own 10% or more of the stock of a foreign corporation by vote or value. The information required to be reported on Form 5471 depends on whether the foreign corporation is a CFC and the Taxpayer’s ownership percentage in the CFC. A Taxpayer with control (>50% ownership ... Web18 hours ago · Musk actually went so far as to claim that Tesla has the strongest AI team in the world, saying he believes the company would “play a role in developing artificial general intelligence (AGI).” WebA CFC is a foreign corporation in which it is over 50% owned by US persons, with each person owning at least 10%. Types of Taxable Income from a Foreign Corporation The US … ladysmith dog grooming ladysmith bc