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TD 9908: Ownership Attribution Under Section 958 Including for Purposes of Determining Status as Controlled Foreign Corporation or United States Shareholder

Date: 2020-09-22
Links to Federal Register: 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.

Word frequency
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

Authorities Referenced:


Related regulation packages:


Statistics

Number of pages: 9, words: 7,608, sentences: 305
Average words per sentence: 24