Date: 2019-05-23
Links to Federal Register: HTML, PDF
(Proposed Regulation: REG-114540-18 HTML, PDF)
Document Number: 2019-10749, RIN: 1545-BO88
Action: Final regulations.
Abstract: This document contains final regulations that reduce the amount determined under section 956 of the Internal Revenue Code with respect to certain domestic corporations. This document finalizes the proposed regulations published on November 5, 2018. The final regulations affect certain domestic corporations that own (or are treated as owning) stock in foreign corporations.
| Notable phrases | Frequency |
|---|---|
| tentative section 956 amount | 27 |
| aggregate tentative section 956 amount | 18 |
| United States shareholder | 18 |
| earnings and profits | 14 |
| pro rata share | 9 |
| United States property held | 5 |
| Reg. Cites | Frequency |
|---|---|
| 1.956-1 | 4 |
| 1.956-1(g)(4) | 1 |
| 1.956-1(a)(3)(iii) | 1 |
| 1.956-1(a)(2)(i) | 1 |
| 1.956-1(a)(3)(iv) | 1 |
| 1.956-1(b)(4) | 1 |
| Sec. Cites | Frequency |
|---|---|
| 956 | 50 |
| 245A | 24 |
| 959(c)(1) | 6 |
| 959(c)(3) | 6 |
| 246(c) | 6 |
| 959(c)(2) | 5 |
| 958(a) | 5 |
| 951(a)(1)(B) | 4 |
| 959(c)(1)(A) | 3 |
| 245A(e) | 3 |
| 959(a)(2) | 2 |
| 956(b)(1) | 2 |
| 952(b) | 2 |
| 245A(c)(3) | 2 |
| 245A(c)(2) | 2 |
| 959(c) | 2 |
| 267 | 2 |
| 245A(g) | 1 |
Statistics
Number of pages: 4, words: 4,696, sentences: 137
Average words per sentence: 34