1120-FSC Form Schedule P

Business, Legal & Accounting Glossary

Definition: 1120-FSC Form Schedule P

1120-FSC Form Schedule P

Full Definition of 1120-FSC Form Schedule P

Transfer Price or Commission. This form is used for any foreign sales corporation (FSC) that generated for the tax year foreign trading gross receipts either from the resale of export property or services supplied by a “related party,” or in its capacity as commission agent for a “related supplier” in the disposition of any export property or services. For these purposes, a “related party” or a “related supplier” is an entity that is “owned or controlled directly or indirectly by the same interests” as the FSC within the meaning of section 482 and Regulations section 1.482-1(a).

Cite Term

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Page URL
Modern Language Association (MLA):
1120-FSC Form Schedule P. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2021 https://payrollheaven.com/define/1120-fsc-form-schedule-p/.
Chicago Manual of Style (CMS):
1120-FSC Form Schedule P. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/1120-fsc-form-schedule-p/ (accessed: December 08, 2021).
American Psychological Association (APA):
1120-FSC Form Schedule P. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/1120-fsc-form-schedule-p/

Definition Sources

Definitions for 1120-FSC Form Schedule P 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.