### Question
How does NORMAL TAXES AND SURTAXES define undistributed foreign personal holding company income?


### Answer
Under *26 U.S.C. § 556*, **undistributed foreign personal holding company income** is defined as:

> the taxable income of a foreign personal holding company adjusted in the manner provided in subsection (b), minus the dividends paid deduction (as defined in section 561)

#### Citation:
  - *26 U.S.C. § 556*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter G-Corporations Used to Avoid Income Tax on Shareholders > PART III-FOREIGN PERSONAL HOLDING COMPANIES**

