# Source of Income From Qualified Fails Charges
> **IRS** · Temporary regulations. · Published 2010-12-08 · Effective 2010-12-08 · 75 FR 76262
## Document
- **Document number:** 2010-30895
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 75 FR 76262
- **CFR reference:** 26 CFR 1
- **Publication date:** 2010-12-08
- **Effective date:** 2010-12-08
- **Treasury docket:** TD 9508
## Abstract

This document contains temporary regulations which set forth the source of income attributable to qualified fails charges. The temporary regulations provide guidance about the treatment of fails charges for purposes of sections 871 and 881, which generally require gross-basis taxation of foreign persons not otherwise subject to U.S. net-basis taxation and the withholding of such tax under sections 1441 and 1442. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2010/12/08/2010-30895/source-of-income-from-qualified-fails-charges)
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