Date: 2024-12-02
Links to Federal Register: HTML, PDF
Document Number: 2024-27227, RIN: 1545-BO61
Action: Notice of proposed rulemaking.
Abstract: This document contains proposed regulations regarding previously taxed earnings and profits of foreign corporations and related basis adjustments. The proposed regulations affect foreign corporations with previously taxed earnings and profits and their shareholders.
| Notable phrases | Frequency |
|---|---|
| covered shareholder | 960 |
| previously taxed earnings and profits | 697 |
| section 961(c) basis | 428 |
| derived basis | 326 |
| ptep group | 251 |
| controlled foreign corporation | 248 |
| united states shareholder(s) | 235 |
| covered distribution | 223 |
| covered item | 175 |
| general successor transaction | 169 |
| ptep tax pool(s) | 152 |
| 961(c) ownership unit(s) | 125 |
| annual ptep account(s) | 121 |
| derivative ownership unit | 116 |
| foreign currency gain or loss | 111 |
| dollar basis pool(s) | 105 |
| positive derived basis | 67 |
| negative derived basis | 50 |
| negative section 961(c) basis | 50 |
| pro rata share | 48 |
| acquired foreign corporation | 45 |
| corporate ptep account(s) | 40 |
| creditable ptep tax group | 31 |
| corporate ptep tax | 30 |
| ptep realization event | 27 |
| taxable section 962 ptep | 26 |
| Reg. Cites | Frequency |
|---|---|
| 1.959-4 | 40 |
| 1.959-3 | 31 |
| 1.951-2 | 28 |
| 1.959-7 | 28 |
| 1.960-3 | 27 |
| 1.959-1(b) | 26 |
| 1.959-2 | 24 |
| 1.986(c)-1 | 23 |
| 1.958-1(d)(1) | 22 |
| 1.958-1(d) | 21 |
| 1.961-11 | 21 |
| 1.961-4 | 20 |
| 1.961-3 | 20 |
| 1.959-6 | 19 |
| 1.960-1 | 19 |
| 1.961-9 | 16 |
| 1.959-12(d) | 16 |
| 1.961-5 | 14 |
| 1.959-1 | 14 |
| 1.951-1(e) | 13 |
| Sec. Cites | Frequency |
|---|---|
| 961(c) | 691 |
| 959 | 117 |
| 961 | 102 |
| 961(a) | 81 |
| 956 | 76 |
| 904 | 69 |
| 951(a)(1)(A) | 67 |
| 959(b) | 66 |
| 951(a) | 55 |
| 965(a) | 46 |
| 962 | 40 |
| 959(c)(2) | 39 |
| 959(c)(3) | 38 |
| 965 | 37 |
| 959(c)(1) | 34 |
| 959(a) | 33 |
| 986(c) | 31 |
| 965(b) | 31 |
| 951(a)(1)(B) | 30 |
Statistics
Number of pages: 103, words: 116,079, sentences: 4,076
Average words per sentence: 28