Date: 2020-09-22
Links to Federal Register: HTML, PDF
(Proposed Regulation: REG-104223-18 HTML, PDF)
Document Number: 2020-17549, RIN: 1545-B052
Action: Final regulations.
Abstract: This document contains final regulations relating to the modification of section 958(b) of the Internal Revenue Code ("Code") by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017. This document finalizes the proposed regulations published on October 2, 2019. The final regulations affect United States persons that have ownership interests in, or that make or receive payments to or from, certain foreign corporations.
| Notable phrases | Frequency |
|---|---|
| foreign corporation(s) | 56 |
| United States person(s) | 18 |
| United States shareholder(s) | 15 |
| persons that are related | 11 |
| entity classification election | 5 |
| Reg. Cites | Frequency |
|---|---|
| 301.7701-3 | 5 |
| 1.267(a)-3 | 5 |
| 1.267(a)-3(c)(4) | 4 |
| 1.332-8 | 4 |
| 1.958-2 | 3 |
| 1.6049-5 | 3 |
| 1.1297-1(d)(1)(iii)(A) | 2 |
| 1.863-9 | 2 |
| 1.863-8 | 2 |
| 1.706-1 | 2 |
| 1.672(f)-2 | 2 |
| 1.367(a)-8 | 2 |
| 1.904-5 | 2 |
| 1.1441-7(b) | 2 |
| Sec. Cites | Frequency |
|---|---|
| 958(b)(4) | 21 |
| 267 | 13 |
| 318(a)(3)(A) | 9 |
| 267(a)(3)(A) | 7 |
| 957 | 6 |
| 958(a) | 6 |
| 267(a)(3) | 5 |
| 958(b) | 5 |
| 958(a)) | 4 |
| 267(a)(3)(B)(i) | 4 |
| 1248 | 4 |
| 951(b) | 3 |
| 318 | 2 |
| 881(c) | 2 |
| 958 | 2 |
| 7701(a)(30) | 2 |
| 954(c)(6) | 2 |
| 953(c) | 2 |
| 267(a)(2) | 2 |
Statistics
Number of pages: 9, words: 7,608, sentences: 305
Average words per sentence: 24