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CFC |
Also found in: Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
CFC abbreviation for (Chemistry / Elements & Compounds) chlorofluorocarbon
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| shareholders") of a CFC are required to recognize their pro-rata share of subpart F income under Sec. These rules are quite harsh, and may have serious adverse consequences for taxpayers that filled their base period amounts with high-taxed CFC dividends, while claiming the section 965 dividends-received deduction (DRD) with respect to low-taxed dividends. Kjeldsen's data showed that 60 percent of the CFC resides in gas pockets in the foam instead of within the plastic itself. |
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