# Guidance Under Section 956 for Determining the Basis of Property Acquired in Certain Nonrecognition Transactions
> **IRS** · Final and temporary regulations. · Published 2011-06-24 · Effective 2011-06-24 · 76 FR 36993
## Document
- **Document number:** 2011-15741
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 76 FR 36993
- **CFR reference:** 26 CFR 1
- **Publication date:** 2011-06-24
- **Effective date:** 2011-06-24
- **Treasury docket:** TD 9530
## Abstract

This document contains final and temporary regulations under section 956 of the Internal Revenue Code (Code) regarding the determination of basis in certain United States property acquired by a controlled foreign corporation in certain nonrecognition transactions that are intended to repatriate earnings and profits of the controlled foreign corporation without U.S. income taxation. The regulations affect United States shareholders of a controlled foreign corporation that acquires United States property in certain nonrecognition transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/06/24/2011-15741/guidance-under-section-956-for-determining-the-basis-of-property-acquired-in-certain-nonrecognition)
---
*AI Analytics · CC0 1.0*