Source: https://www.federalregister.gov/documents/2006/06/21/E6-9611/information-returns-required-with-respect-to-certain-foreign-corporations-and-certain-foreign-owned
Timestamp: 2017-08-18 02:05:15
Document Index: 79643079

Matched Legal Cases: ['§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091']

A Proposed Rule by the Internal Revenue Service on 06/21/2006
71 FR 35592
E6-9611
https://www.federalregister.gov/d/E6-9611 https://www.federalregister.gov/d/E6-9611
In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations to clarify existing guidance under sections 6038 and 6038A of the Internal Revenue Code (Code) with respect to the information required to be furnished regarding certain related party transactions of certain foreign corporations and certain foreign-owned U.S. corporations. The temporary regulations also increase the amount of certain penalties, and make certain other changes, to reflect the statutory changes made by the Taxpayer Relief Act of 1997. The text of the temporary regulations also serves as the text of these proposed regulations.
Send submissions to: CC:PA:LPD:PR (REG-109512-05), Room 5203, Internal Revenue Service, PO Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-109512-05), Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC, or sent electronically, via the IRS Internet site at http://www.irs.gov/​regs or via the Federal eRulemaking Portal at http://www.regulations.gov (IRS REG-109512-05).
The collection of information is in § 1.6038-2(f)(11). This information is required by the IRS pursuant to section 6038 of the Code. The likely recordkeepers are business or other for-profit institutions. The estimated burden is as follows:
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. 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. Start Printed Page 35593
(f)(11) [The text of this proposed amendment is the same as the text of § 1.6038-2T(f)(11) published elsewhere in this issue of the Federal Register].
(f)(12) [The text of this proposed amendment is the same as the text of § 1.6038-2T(f)(12) published elsewhere in this issue of the Federal Register].
(k)(1) [The text of this proposed amendment is the same as the text of § 1.6038-2T(k)(1) published elsewhere in this issue of the Federal Register].
[The text of this proposed amendment is the same as the text of § 1.6038-2T(k)(5) Example 3 published elsewhere in this issue of the Federal Register].
[The text of this proposed amendment is the same as the text of § 1.6038-2T(k)(5) Example 4 published elsewhere in this issue of the Federal Register].
(m) [The text of this proposed amendment is the same as the text of § 1.6038-2T(m) published elsewhere in this issue of the Federal Register.]
(8) [The text of this proposed amendment is the same as the text of § 1.6038A-2T(b)(8) published elsewhere in this issue of the Federal Register].
(h) [The text of this proposed amendment is the same as the text of § 1.6038A-2T(h) published elsewhere in this issue of the Federal Register].
[FR Doc. E6-9611 Filed 6-20-06; 8:45 am]