1545-BR77 202510 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Guidance Related to a United States Shareholder's Pro Rata Share of Subpart F Income and Net CFC Tested Income Under ยงยง 951(a) and 951A.

Regulations will propose to implement the amendments made to §951(a) and §951A by section 70354 of the One, Big, Beautiful Bill Act (OBBBA) for determining a U.S. shareholder’s pro rata share of a CFC’s subpart F income and Net CFC Tested Income. The regulations will also address the transition rule in section 70354(c)(2) of the OBBBA.

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage No No Regulatory 26 CFR 1.951-1 (revision) Pub. L. 119-21, sec. 70354 26 U.S.C. 7805(a) No NPRM 07/00/2026 REG-115646-25 (NPRM) Drafter attorney: James Kostura (202) 317-3643 Reviewing attorney: Dylan Steiner (202) 317-5477 Treasury attorneys; Brenda Zent (202) 622-6894 and Natalie Punchak (202) 622-1479 INTL Undetermined None No No Yes James Kostura R. Attorney 1545 Internal Revenue Service IRS 202 317-3643 855 584-5146 james.r.kostura@irscounsel.treas.gov 1111 Constitution Avenue NW , Room 4579, Washington DC 20224