COLLAPSE
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"Foreign Tax Currency and Transfer of Property to Foreign Corporations" Please respond to the following:
• Go to the IRS Website, located at http://www.irs.gov, to search and read Notice 2014-21 (IRS Virtual Currency Guidance). Based on your review of Notice 2014-21, identify two (2) tax consequences that may result from dealing in convertible virtual currency then provide one (1) scenario to support the potential tax consequences.
• Imagine you are a CPA representing a client preparing for the formation of a foreign corporation. Create a plan for the client to transfer property into the foreign corporation that will generate the least tax consequences. Explain the main reasons why you believe your plan would be effective.
USA 
India