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TREAS/IRS RIN: 1545-BO16 Publication ID: Fall 2019 
Title: 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.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 954(i)(4)(B)(ii)   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/00/2020 
Additional Information: REG-132592-17 Drafting attorney: Josephine Firehock (202) 317-6938 Reviewing attorney: Mark Erwin (202) 317-6938 Treasury attorney: N/A 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 
Agency Contact:
Josephine H. Firehock
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6938
Fax:855 589-8672