1120-F Form Schedule V

Business, Legal & Accounting Glossary

Definition: 1120-F Form Schedule V


1120-F Form Schedule V


Full Definition of 1120-F Form Schedule V


List of Vessels or Aircraft, Operators, and Owners. This form is used with foreign corporations that are subject to the 4 percent tax on their U.S. source gross transportation income (USSGTI) under section 887. It is used to report basic information for each vessel or aircraft with respect to which the corporation is subject to the 4 percent rate of tax.


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Definition Sources


Definitions for 1120-F Form Schedule V are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.