Source: https://intltax.typepad.com/intltax_blog/plrs/page/2/
Timestamp: 2019-08-23 15:16:05
Document Index: 415665127

Matched Legal Cases: ['§911', '§1', '§992', '§301', '§1502', '§355', '§368', '§301', '§355', '§368', '§1', '§355', '§338', '§301', '§992', '§992', '§301', '§1', '§355', '§982', '§954', '§301', '§355', '§368', '§954', '§1', '§6013', '§1', '§368', '§368', '§83', '§301', '§361', '§1']

International Tax Blog: Authority - PLRs / CCAs
This week the IRS published the following Private Letter Rulings relating to international taxation. PLR 201344007 - Early re-election of Code §911 exclusion. Form 2555. Treas. Reg. §1.911-7(b). (“Taxpayer lived in Taxing Jurisdiction 1, Country A. Upon the advice of Taxpayer’s accountant at the time, Taxpayer revoked her election under section 911 to exclude her foreign earned income and housing cost amount for Year 1. In Year 2, Taxpayer moved from Taxing Jurisdiction 1 to... Read more →
This week the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201343011 - Late IC DISC election. Form 4876-A, Code §992(b)(1)(A). PLR 201343014 - Late Canadian registered retirement savings plan ("RRSP") deferral elections. Form 8891. Rev. Proc. 2002-23. PLR 201343017 - Late Canadian registered retirement savings plan ("RRSP") deferral elections. Form 8891. Rev. Proc. 2002-23. CCA 201343019 - A Cypriot holding corporation qualifies for benefits under the... Read more →
This week the IRS published the following Private Letter Rulings relating to international taxation. PLR 201342002 - Late entity classification election for a foreign entity to be treated as a disregarded entity. Form 8832. Treas. Reg. §301.7701-3(c). PLR 201342004 - Allocation of loss carryovers and tax credit carryovers after integration of a foreign parent's two consolidated groups. Code §1502. Read more →
Last week the IRS published the following Private Letter Rulings relating to international taxation. PLR 201341004 - Code §355 spin-offs and reorganizations involving U.S. and foreign corporations. Code §368(a)(1)(D). PLR 201341007 - Late entity classification election for a foreign entity to be treated as a disregarded entity. Form 8832. Treas. Reg. §301.7701-3(c). PLR 201341013 - Code §355 spin-offs and reorganizations involving U.S. and foreign corporations. Code §368(a)(1)(D). PLR 201341024 - Late entity classification election for... Read more →
Posted on October 31, 2013 in 355 Spin-Offs, 368 Corporate Reorgs, 856 REITs, 6048 Foreign Trusts, 7701-3 Check-the-Box Elections, Authority - PLRs / CCAs, Form 8832 | Permalink
International PLRs for the 40th week of 2013
Last week the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201340007 - Late Canadian registered pension plan ("RPP"), registered retirement income fund ("RRIF"), and life income fund ("LIF") deferral elections. Form 8891. Rev. Proc. 2002-23. PLR 201340008 - Late/retroactive passive foreign investment company ("PFIC") qualified electing fund ("QEF") election. Form 8621. Treas. Reg. §1.1295-3(f). PLR 201040010 - Production activities included growing activities for purposes of determining... Read more →
Today the IRS published the following Private Letter Ruling relating to international taxation. PLR 201339001 - Code §355 spin-off and reorganizations of domestic and controlled foreign corporations. Read more →
Last week the IRS published the following Private Letter Rulings relating to international taxation. PLR201338011 - Extension of time granted to file Code §338(g) elections for qualified stock purchases of two controlled foreign corporations by a U.S. corporation. PLR201338014, PLR201338027, PLR201338036, PLR201338038 - Late Canadian registered retirement savings plan ("RRSP") deferral elections. Form 8891. Rev. Proc. 2002-23. PLR201338030, PLR201338032 - Late entity classification elections for foreign entities to be treated as associations taxable as corporations.... Read more →
Today the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201337005, PLR 201337006, PLR 201337008, PLR 201337009 - Late Canadian registered retirement savings plan ("RRSP") deferral elections, including a locked-in retirement account (LIRA), or Locked-in RRSP. Form 8891. Rev. Proc. 2002-23. PLR 201337011 - Late entity classification election for a foreign entity to be treated as a partnership. Form 8832. Treas. Reg. §301.7701-3(c). CCA 201337015 - IRS... Read more →
Today the IRS published the following Private Letter Rulings relating to international taxation. PLR 201336009, PLR 201336010, PLR201336011 - Late Canadian registered retirement savings plan ("RRSP") deferral elections, including a locked-in retirement account (LIRA), or Locked-in RRSP. Form 8891. Rev. Proc. 2002-23. PLR 201336013 - Late IC DISC election. Form 4876-A, Code §992(b)(1)(A). PLR 201336018 - In determining a domestic parent corporation's interest expense allocation and apportionment for foreign tax credit purposes, the adjusted basis... Read more →
Last week, the 35th week of 2013, the IRS published the following Private Letter Rulings relating to international taxation. PLR 201335002 - Late IC DISC election. Form 4876-A, Code §992(b)(1)(A). PLR 201335003 & PLR 201335004 - Late entity classification elections for a foreign entities to be treated as disregarded entities. Form 8832. Treas. Reg. §301.7701-3(c). PLR 201335008 - Taxpayer was permitted to change from the fair market value method to the tax book value method... Read more →
For the 33rd week of 2013, the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201333004 - Late/retroactive passive foreign investment company ("PFIC") qualified electing fund ("QEF") election. Form 8621. Treas. Reg. §1.1295-3(f). PLR 201333007 - Code §355 spin-off and reorganizations of controlled foreign corporations. CCA 201333013 - Admissibility of foreign-based records when offered into evidence by a third party. Code §982. Read more →
For the 32nd week of 2013, the IRS published the following Private Letter Ruling relating to international taxation. PLR 201332007: Commissions received by disregarded entity of CFC related to sales of products was not foreign base company sales income ("FBCSI") because the disregarded entity made a substantial contribution to the manufacture of the property. Code §954(d). For prior coverage of this PLR, see I.R.S. Rules Commission Income From Sales is Not FBCSIRules Read more →
For the 31st week of 2013, the IRS published the following Private Letter Ruling relating to international taxation. PLR 201331001 - Consent for a foreign entity to be treated as an association less than 60 months after its previous classification change . Form 8832. Treas. Reg. §301.7701-3(c). Read more →
For the 30th week of 2013, the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201330002 - Code §355 spin-off and reorganizations of foreign and domestic corporations owned by a U.S. parent corporation. Code §368(a)(1)(D). PLR 201330006 - Controlled foreign corporation's ("CFC's") distributive share of income from a foreign partnership is not includable in foreign base company income. Code §954. PLR 201330009 - Late entity classification election... Read more →
International PLRs of the 29th week of 2013
For the 29th week of 2013, the IRS published the following Private Letter Ruling and Chief Counsel Advice relating to international taxation. PLR 201329006 - Determination that U.S. subidiaries of foreign parent joined in filing a consolidated return. Treas. Reg. §1.1502-75(h)(2). CCA 201329016 - Proper filing status for taxpayer who filed joint return with his nonresident alien spouse who did not have a taxpayer identification number. Code §6013(g). Read more →
Posted on September 05, 2013 in Authority - PLRs / CCAs | Permalink
International PLRs of the 27th week of 2013
For the 27th week of 2013, there were no Private Letter Rulings or Chief Counsel Advice relating to international taxation. Read more →
Posted on August 29, 2013 in Authority - PLRs / CCAs | Permalink
For the 25th week of 2013, the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201325005 - A foreign branch of a controlled foreign corporation (“CFC”) did not take or pass legal title to products. However, the income received by the branch from the sale of the products was excluded from foreign base company sales income (“FBCSI”) pursuant to Treas. Reg. §1.954-3(a)(4)(i) because the branch makes a... Read more →
International PLRs of the 24th week of 2013
For the 24th week of 2013, the IRS published the following Private Letter Rulings relating to international taxation. PLR 201324003 - After a foreign corporation's acquisition of a domestic company through a C reorganization, the payment of a cash settlement to former shareholders of the domestic company did not invalidate the reorganization. Code §368(a)(1)(C). The boot relaxation rule of Code §368(a)(2)(B) was inapplicable because Acquirer assumed Target debt that exceeded 20 percent of the value... Read more →
Posted on August 29, 2013 in 368 Corporate Reorgs, Authority - PLRs / CCAs | Permalink
International PLRs of the 23rd week of 2013
For the 23rd week of 2013, there were no Private Letter Rulings or Chief Counsel Advice relating to international taxation. Read more →
Posted on August 26, 2013 in Authority - PLRs / CCAs | Permalink
For the 22nd week of 2013, the IRS published the following Private Letter Rulings relating to international taxation. PLR 201322007: Request to revoke a Code §83(b) election was granted because the request to revoke was within 30 days of receiving the property. Rev. Proc. 2006-31. PLR 201322009 - Application of certain look-through rules for purposes of determining whether a foreign corporation is a passive foreign investment company ("PFIC") within the meaning of section 1297. PLR... Read more →
For the 21st week of 2013, the IRS published the following Private Letter Rulings relating to international taxation. PLR 201321001, PLR 201321004, PLR 201321013, PLR 201321014, PLR 201321015 - Late entity classification election for a foreign entity to be treated as a disregarded entity. Form 8832. Treas. Reg. §301.7701-3(c). PLR 201321007 - Applicability of Code §§361 and 897 to a foreign corporation holding United States Real Property Interests ("USRPIs") when such corporation reincoroporates in the... Read more →
International PLRs of the 20th week of 2013
For the 20th week of 2013, the IRS published the following Chief Counsel Advice and Private Letter Ruling relating to international taxation. CCA 201320014 - IRS denied a U.S. corporation a section 245 dividends received deduction (DRD) from a foreign subsidiary using the substance over form doctrine. PLR 201320017: Taxpayer was permitted to change to the tax book value method of asset valuation for interest expense allocation. Temp. Treas. Reg. §§1.861-8T(c)(2) and 1.861-9T(g)(1)(ii). Read more →