Andrew Mitchel LLC

TD 9921: Source of Income From Certain Sales of Personal Property

Date: 2020-12-11
Links to Federal Register: HTML, PDF
Document Number: 2020-21817, RIN: 1545-BP16
Action: Final regulations.

Abstract: This document contains final regulations modifying the rules for determining the source of income from sales of inventory produced within the United States and sold without the United States or vice versa. These final regulations also contain new rules for determining the source of income from sales of personal property (including inventory) by nonresidents that are attributable to an office or other fixed place of business that the nonresident maintains in the United States. Finally, these final regulations modify certain rules for determining whether foreign source income is effectively connected with the conduct of a trade or business within the United States.

Word frequency
Notable phrases   Frequency
(within|without) the United States      77
production activit(y|ies)      73
source of (gross) income      30
office or other fixed place of business      29
outside the United States      23
within the meaning of section 267 or 707      18
gross income, gain, or loss      17
sale of personal property      14
persons related to the taxpayer      13
within and without the United States      13
adjusted basis of production assets      11
properly allocable to an office      7
effectively connected with the conduct of a trade or business in the United States      5

Reg. Cites   Frequency
1.863-3      34
1.865-3      33
1.863-1      14
1.954-3(a)(4)      12
1.865-3(d)(2)(ii)(B)      11
1.863-8      10
1.864-6      7
1.864-5      7
1.863-3(c)(2)      7
1.1502-13      6
1.863-2(b)      6
1.863-8(b)(3)(ii)      6
1.864-6(c)(2)      6
1.863-1(b)      6
1.864-5(a)      6
1.863-2      5
1.861-7(c)      5
1.954-3(a)(4)(iv)      5
1.863-3(c)(1)(i)      4

Sec. Cites   Frequency
865(e)(2)      19
267      18
863(b)      15
863(b)(2)      14
863      9
865(g)(1)(B)      7
863(a)      6
168(k)      5
168(g)(2)      5
482      5
865(i)(1)      3
861      3
1011      2
862(a)(6)      2
904      2
865(b)      2
882(c)(1)      2
864(c)(5)      2
7701(b)(1)(B)      2

Related regulation packages:


Statistics

Number of pages: 17, words: 17,657, sentences: 765
Average words per sentence: 23