Special Rules for Certain Foreign Business Entities
other · IRS · Rule · Published 2003-10-22 · Effective 2003-10-22 · 68 FR 60296
Document
Document number
03-26547
Federal Register citation
68 FR 60296
CFR reference
26 CFR 301
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2003-10-22
Effective date
2003-10-22
Treasury docket
TD 9093
Abstract
This document contains final regulations providing rules regarding the application of the general entity classification rules to certain foreign business entities, in particular providing a rule that terminates the grandfathered status of certain foreign business entities upon a 50 percent change of ownership and a special rule that clarifies and further modifies the rules relating to whether the classification of certain foreign eligible entities is relevant for Federal tax purposes.