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Related Party Transaction
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JJK
Level 3
03-15-2020
08:07 AM
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Hi:
An US C Corp (Parent) is thinking of allocation some variable cost from USA to a New Zealand subsidiary. My understanding is this will be a related party transaction, correct? If yes
1. What factors should be considered when allocating cost to sub?
2. Is Excel file demonstrating allocation an adequate document? what else should I have to avoid any audit?
3. What tax rule applies and what tax form should I use to report this?
Thank you.
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