# Guidance Under Section 956 for Determining the Basis of Property Acquired in Certain Nonrecognition Transactions; Correction
> **IRS** · Correction to final and temporary regulations. · Published 2011-07-22 · Effective 2011-07-22 · 76 FR 43891
## Document
- **Document number:** 2011-18469
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 76 FR 43891
- **CFR reference:** 26 CFR 1
- **Publication date:** 2011-07-22
- **Effective date:** 2011-07-22
- **Treasury docket:** TD 9530
## Abstract

This document describes a correction to final and temporary regulations (TD 9530) that were published in the Federal Register on Friday, June 24, 2011, 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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/07/22/2011-18469/guidance-under-section-956-for-determining-the-basis-of-property-acquired-in-certain-nonrecognition)
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