Source of Income From Qualified Fails Charges; Correction
other · IRS · Rule · Published 2010-12-28 · Effective 2010-12-28 · 75 FR 81457
Document
Document number
2010-32536
Federal Register citation
75 FR 81457
CFR reference
26 CFR 1
Type
Rule
Action
Correcting amendment.
Category
other
Sub-agency
IRS
Publication date
2010-12-28
Effective date
2010-12-28
Treasury docket
TD 9508
Abstract
This document contains a correction to temporary regulations (TD 9508) thatwere published in the Federal Register on Wednesday, December 8, 2010 (75 FR 76262)providing 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.