Source: https://www.federalregister.gov/documents/2006/09/28/E6-15893/determination-of-interest-expense-deduction-of-foreign-corporations-correction
Timestamp: 2017-01-23 19:06:30
Document Index: 576179339

Matched Legal Cases: ['art 1', 'ART 1', '§\u20091', '§\u20091', '§\u20091', '§\u20091', '§\u20091']

:: Determination of Interest Expense Deduction of Foreign Corporations; Correction
from 24 agencies
A Rule by the Internal Revenue Service on 09/28/2006
This correction is effective August 17, 2006.
Background Need for Correction List of Subjects in 26 CFR Part 1 Correction of Publication PART 1—INCOME TAXES Enhanced Content - Table of Contents Enhanced Content - Submit Public Comment
https://www.federalregister.gov/d/E6-15893
This document contains a correction to final and temporary regulations (TD 9281), that were published in the Federal Register on Thursday, August 17, 2006 (71 FR 47443). This regulation revised the Income Tax Regulations relating to the determination of the interest expense deduction of foreign corporations and applies to foreign corporations engaged in a trade or business within the United States. DATES:
This correction is effective August 17, 2006. Start Further Info
Gregory Spring or Paul Epstein, (202) 622-3870 (not a toll-free number). End Further Info
Background The final and temporary regulations (TD 9281) that is the subject of this correction are under sections 882 and 884 of the Internal Revenue Code. Need for Correction As published, TD 9281 contains errors that may prove to be misleading and are in need of clarification. Start List of Subjects
§ 1.882-5 Determination of interest deduction. * * * * *
(a)(7) through (a)(7)(iii) [Reserved]. For further guidance, see entry in § 1.882-5T(a)(7) through (a)(7)(iii). * * * * *
§ 1.882-5T Determination of interest deduction (temporary). * * * * *
(c) * * * (2) * * * (iv) * * * The rules of § 1.882-5(b)(3) apply in determining the total value of applicable worldwide assets for the taxable year, except that the minimum number of determination dates are those stated in § 1.882-5(c)(2)(i). * * * * *
Cynthia E. Grigsby, Senior Federal Register Liaison Officer, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E6-15893 Filed 9-27-06; 8:45 am] BILLING CODE 4830-01-P