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TREAS/IRS RIN: 1545-BE93 Publication ID: Fall 2007 
Title: Guidance Under Section 7874 for Determining Ownership by Former Shareholders or Partners of Domestic Entities 
Abstract: This regulation will provide guidance under section 7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation will be a surrogate foreign corporation, if among other requirements, 60 percent of the stock of the entity is owned by former shareholders or partners of the domestic entity by reason of their holding an interest in the domestic entity. Section 7874(c)(2) states that in determining ownership under section 7874(a)(2)(B)(ii) stock held by members of the expanded affiliated group is disregarded. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 7805    26 USC 7874   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/28/2005  70 FR 76732   
Final Action  12/00/2007    
Additional Information: REG-143244-05 Drafting attorney: Milton M. Cahn (202) 622-3810 Reviewing attorney: Charles Besecky (202) 622-3810 CC: INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BE94 
Agency Contact:
Milton M. Cahn
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6939
Fax:855 576-9225
Email: milton.m.cahn@irscounsel.treas.gov