United States IRC sections
Statute section
IRC section 954
Foreign base company income
Country
United States
Section
954
Updated
2026-05-20
Operative text
Section 954 defines foreign base company income (FBCI), the category of Subpart F income consisting of foreign personal holding company income, foreign base company sales income, and foreign base company services income. Several exclusions (high-tax exception, active financing exception) narrow the scope.
Cross-references
26 U.S.C. 95126 U.S.C. 952
Related guides
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
- StatuteIRC §951
Cited by
- StatuteIRC §951
Primary sources
- 26 U.S.C. section 954Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.