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TREAS/IRS | RIN: 1545-BP18 | Publication ID: Fall 2020 |
Title: Regulations Under Section 245A and Related Provisions | |
Abstract:
The Tax Cuts and Jobs Act of 2017 added section 245A to provide a dividends received deduction to certain domestic corporations for dividends received from certain foreign corporations. These proposed regulations will provide guidance as to what dividends are eligible for the section 245A dividends received deduction. In addition, the proposed regulations will provide rules for determining taxpayers’ eligibility for the dividends received deduction under section 245 and calculating the amount of the dividend received that is eligible for the dividends received deduction under section 245A. |
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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: Other | |
CFR Citation: 26 CFR 1 | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 245A |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-111689-20 Drafter attorneys: Arielle Borsos and Logan Kincheloe (202) 317-6937 Reviewer attorney: Robert Williams (202) 317-6937 Treasury attorney: Brenda Zent (202) 622-6894 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: Andrew Wigmore Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-6937 Fax:202 317-4922 Email: andrew.l.wigmore@irscounsel.treas.gov Logan Kincheloe Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-6937 Email: logan.m.kincheloe@irscounsel.treas.gov |