Source: https://www.federalregister.gov/articles/2008/06/24/E8-14170/guidance-under-section-956-for-determining-the-basis-of-property-acquired-in-certain-nonrecognition
Timestamp: 2015-07-08 02:33:32
Document Index: 242058892

Matched Legal Cases: ['§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1']

Federal Register | Guidance Under Section 956 for Determining the Basis of Property Acquired in Certain Nonrecognition Transactions
Publication Date: Tuesday, June 24, 2008
Dates: Written or electronic comments and requests for a public hearing must be received by September 22, 2008.
-35607 (2 pages)
Document Number: E8-14170
Shorter URL: https://federalregister.gov/a/E8-14170 Related Topics
Basis of Property Acquired in Certain Nonrecognition Transactions 3 actions from June 24th, 2008 to December 2011
Before these proposed regulations are adopted as final regulations, consideration will be given to any written (a signed original and eight (8) copies) or electronic comments that are submitted timely to the IRS. The IRS and the Treasury Department continue to consider, outside the context of section 956, the appropriate basis of stock or obligations issued by a transferor in the hands of the transferee as determined under section 362. The IRS and the Treasury Department are also considering whether any additional rules are necessary or appropriate to coordinate the section 956 basis determinations under these regulations with basis determinations under other provisions of the Code or regulations. Comments are requested in this regard. All comments will be available for public inspection and copying. A public hearing may be scheduled if requested by any person who timely submits comments. If a public hearing is scheduled, notice of the date, time and place for the hearing will be published in the Federal Register.
§ 1.956-1 Shareholder's pro rata share of a controlled foreign corporation's increase in earnings invested in United States property.
(e) * * * (1) * * * See § 1.956-1T(e)(6) for a special rule for determining amounts attributable to United States property acquired as the result of certain nonrecognition transactions.
(e)(5) [The text of the proposed amendment to § 1.956-1(e)(5) is the same as the text for § 1.956-1T(e)(5) published elsewhere in this issue of the Federal Register].
(e)(6) [The text of the proposed amendment to § 1.956-1(e)(6) is the same as the text for § 1.956-1T(e)(6) published elsewhere in this issue of the Federal Register].
(f) [The text of the proposed amendment to § 1.956-1(f) is the same as the text for § 1.956-1T(f) published elsewhere in this issue of the Federal Register].