# Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers of Stock Involving Foreign Corporations
> **IRS** · Final regulations. · Published 2006-02-21 · Effective 2006-02-21 · 71 FR 8802
## Document
- **Document number:** 06-1465
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 71 FR 8802
- **CFR reference:** 26 CFR 1
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/02/21/06-1465/application-of-section-367-in-cross-border-section-304-transactions-certain-transfers-of-stock)
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