1545-BO16 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Foreign Statement Reserves Under Section 954(i) for Purposes of Measuring Qualified Insurance Income

These regulations will provide guidance for determining when a controlled foreign corporation that is a qualifying insurance corporation under section 954(i) of the Internal Revenue Code may use its foreign statement reserves in lieu of the reserves required under section 954(i)(4)(B)(i) for certain life insurance and annuity contracts for purposes of measuring qualified insurance income.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No Not Yet Determined 26 U.S.C. 7805 26 U.S.C. 954(i)(4)(B)(ii) No NPRM 05/00/2024 REG-132592-17 Drafter attorney: Josephine Firehock (202) 317-6938 Reviewer attorney: Je Baik (202) 317-4942 Treasury attorney: Angela Walitt (202) 622-1787 CC:INTL No No None No No No Josephine Firehock H. Attorney-Advisor 1545 Internal Revenue Service IRS 202 317-4932 855 589-8672 josephine.firehock@irscounsel.treas.gov 1111 Constitution Avenue NW., Washington DC 20224