Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers of Stock Involving Foreign Corporations
other · IRS · Rule · Published 2006-02-21 · Effective 2006-02-21 · 71 FR 8802
Document
Document number
06-1465
Federal Register citation
71 FR 8802
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2006-02-21
Effective date
2006-02-21
Treasury docket
TD 9250
Abstract
This document contains final regulations that address the interaction of section 304 and section 367. These regulations provide that section 367(a) and (b) do not apply to a deemed section 351 exchange resulting from a section 304(a)(1) transaction. These regulations may apply to taxpayers transferring stock to related foreign corporations.