Andrew Mitchel LLC

International Tax Blog - New and Interesting International Tax Issues

16 New Charts Published


Today we published 16 new situational tax charts to  We have over 1300 charts for FREE on our website.  The recently published charts include:

Click for all charts listed in topical order and charts listed in alpha-numeric order.

Tags: 367(d) Intangibles, 368 Corporate Reorgs, 861 Source of Income, 901 Foreign Tax Credits, 1293, 1295 QEFs, 1361 S Corporations, Authority - Revenue Rulings, Charts - Situational Charts

8 New Charts Published


Tags: 351 Exchanges, 355 Spin-Offs, 933/937 Puerto Rico, 1291 PFICs, 1361 S Corporations, Authority - PLRs / CCAs, Authority - Revenue Rulings, Charts - Situational Charts

5 New Tax Charts


Today we added 5 new situational charts to (listed in topical order).  View these charts and hundreds of other free charts at (listed in alpha-numeric order).

  • Reg. 1.987-2(c)(10), Example 1 (Section 987: Disregarded Interbranch Transaction)
  • Reg. 1.6038A-2(b)(9), Example 1 (5472 Reporting for U.S. Disregarded Entity)
  • Reg. 1.6038A-2(b)(9), Example 2 (5472 Reporting for Transactions Between U.S. Disregarded Entities)
  • PLR 9612017 (Gain on Sale of S Corporations Was Foreign Source Income)
  • PLR 200620016 (Breach of Contract Payments Were Foreign Source Income Under the Origin of the Claim Doctrine)


Tags: 861 Source of Income, 987 Branch Transactions, 1361 S Corporations, 6038A 5472s, Charts - Situational Charts, Form 5472

15 New Tax Charts


Today we added 15 new situational charts to dealing with a variety of topics.

  1. Am. Metallurgical Coal Co. v. Commr. T.C. Memo 2016-139:  Transfer Was For Equity And Not For Debt; Post Transfer Payments Were Dividends
  2. In Re DeCoro USA Ltd U.S. Bankruptcy Court, M.D.N.C., Case No. 09-10846C-11G:  Inbound Furniture Sales: Sales Comm. Model vs. Distributor Model
  3. Revenue Ruling 67-202:  Contribution & Liquidation Was An Asset Reorganization & Section 269 Did Not Apply
  4. Revenue Ruling 91-6:  Accumulated Distribution After Domestication of Foreign Trust
  5. Prop. Reg. 1.355-2(d)(4) Example 1:  Sale After Distribution (Device)
  6. Prop. Reg. 1.355-2(d)(4) Example 2:  Disproportionate Division of Nonbusiness Assets (Device)
  7. Prop. Reg. 1.355-2(d)(4) Example 3:  Proportionate Division of Nonbusiness Assets (Nondevice)
  8. Prop. Reg. 1.355-2(d)(4) Example 4:  Disproportionate Division of Nonbusiness Assets (Nondevice)
  9. Prop. Reg. 1.355-2(d)(4) Example 5:  Nonbusiness Asset Percentage (50-Percent-Owned Group)
  10. Prop. Reg. 1.355-2(d)(4) Example 6:  Nonbusiness Asset Percentage: Partnership Interest
  11. Prop. Reg. 1.355-2(d)(4) Example 7:  Nonbusiness Asset Percentage: Borrowing From Partnership
  12. Reg. 1.1001-2(c), Example 1:  Sales Proceeds Include Liabilities Assumed By Purchaser
  13. PLR 9142032:  Gain on Sale of Foreign Partnership Was Attributed to a Foreign Office For 865 Sourcing Rule If 10% Foreign Tax Paid
  14. PLR 200803005:  Inbound F Reorganization With U.S. Branch & USRPIs
  15. PLR 201336012:  Spin-Off of QSub


Tags: 355 Spin-Offs, 368 Corporate Reorgs, 641-684 Trusts, 861 Source of Income, 897 FIRPTA, 1361 S Corporations, Charts - Situational Charts

Charts of Examples in §1361 Regulations: Termination of QSub Elections


Below are five new situational charts of examples found in Treas. Reg. §1.1361-5(a)(4).  The examples apply the QSub requirements to five different situations and illustrate when a QSub election may be terminated. 

Images of the charts are shown below and links to PDFs of the charts are also available:

We will shortly add these charts to, where you can find hundreds of similar situational charts.

For some recent commentary on S Corporations, visit Paul Caron's TaxProf Blog.

1.1361-5(a)(4) ex 1

1.1361-5(a)(4) ex 2

1.1361-5(a)(4) ex 3

1.1361-5(a)(4) ex 4

1.1361-5(a)(4) ex 5

Tags: 1361 S Corporations, Charts - Situational Charts