Date: 2024-08-20
Links to Federal Register: HTML, PDF
Document Number: 2024-18281, RIN: 1545-BM80
Action: Notice of proposed rulemaking; partial withdrawal of proposed rulemaking.
Abstract: This document contains proposed regulations regarding the time for making and revoking certain elections relating to foreign currency gain or loss.
| Notable phrases | Frequency |
|---|---|
| taxable year | 64 |
| (controlled foreign corporation)|(cfc) | 58 |
| (u.s.|united states) shareholder(s) | 38 |
| controlling (u.s.|united states) shareholder(s) | 24 |
| mak(ing|e) (and|or) revok(ing|e) | 18 |
| filing a statement | 11 |
| method of accounting | 9 |
| election on behalf | 8 |
| original federal income tax return | 7 |
| consent of the commissioner | 5 |
| foreign currency gain(s) | 5 |
| original or amended | 4 |
| Reg. Cites | Frequency |
|---|---|
| 1.988-7 | 28 |
| 1.954-2(g) | 24 |
| 1.954-2(g)(3)(iii) | 17 |
| 1.954-2(g)(3)(ii) | 14 |
| 1.988-7(c) | 14 |
| 1.964-1(c)(5)(i) | 7 |
| 1.988-7(d) | 5 |
| 1.954-2(g)(3) | 5 |
| 1.954-2(g)(4) | 3 |
| 1.954-2 | 2 |
| 1.988-7(a) | 1 |
| 1.951a-2(c)(7)(viii)(a)(1)(i) | 1 |
| 1.446-1(e)(2) | 1 |
| 1.987-1(g)(2) | 1 |
| 1.964-1(c)(5) | 1 |
| 1.954-2(g)(5) | 1 |
| 1.954-2(i)(3) | 1 |
| 1.988-7(e) | 1 |
| 1.988-7(c)(3)(ii) | 1 |
| 1.964-1(c)(3)(ii) | 1 |
| Sec. Cites | Frequency |
|---|---|
| 988 | 10 |
| 475 | 7 |
| 7805(f) | 2 |
| 475(e) | 2 |
| 987 | 1 |
| 954 | 1 |
| 954(c)(1)(d) | 1 |
| 446(e) | 1 |
| 475(e)(3) | 1 |
| 988(c)(1)(d) | 1 |
| 1256 | 1 |
| 481(a) | 1 |
Statistics
Number of pages: 6, words: 5,442, sentences: 251
Average words per sentence: 21