### Question
How does Tax Based on Income From Sources Within or Without the United States define specified foreign corporation?


### Answer
Under *26 U.S.C. § 898*, **specified foreign corporation** is defined as:

> any foreign corporation—


(A) which is treated as a controlled foreign corporation for any purpose under subpart F of part III of this subchapter, and


(B) with respect to which the ownership requirements of paragraph (2) are met

#### Citation:
  - *26 U.S.C. § 898*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART II-NONRESIDENT ALIENS AND FOREIGN CORPORATIONS > Subpart D-Miscellaneous Provisions**

