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TD 9973: Single-Entity Treatment of Consolidated Groups for Specific Purposes

Date: 2023-02-23
Links to Federal Register: HTML, PDF (Proposed Regulation: REG-113839-22 HTML, PDF)
Document Number: 2023-03457, RIN: 1545-BQ51
Action: Final regulations.

Abstract: This document contains final regulations that treat members of a consolidated group as a single United States shareholder in certain cases for purposes of section 951(a)(2)(B) of the Internal Revenue Code (the "Code"). The document finalizes proposed regulations published on December 14, 2022. The final regulations affect consolidated groups that own stock of foreign corporations.

Word frequency
Notable phrases   Frequency
United States shareholder      7
amount described in section 951(a)(2)(B)      5
subpart F income      5
consolidated Federal income tax return(s)      4

Reg. Cites   Frequency
1.1502-80      3

Sec. Cites   Frequency
951(a)(2)(B)      7
951(a)(1)(A)      4
959(b)      3
958(a)      2
7805(f)      2
1502      2
351(a)      1
952      1
985      1
957(a)      1
951(a)(2)(A)      1
951(b)      1
953(c)(1)(A)      1
1503(a)      1
951      1
368(a)(1)(B)      1

Statistics

Number of pages: 2, words: 1,707, sentences: 66
Average words per sentence: 25