Guidance Regarding Foreign Base Company Sales Income
other · IRS · Rule · Published 2011-12-19 · Effective 2011-12-19 · 76 FR 78545
Document
Document number
2011-32394
Federal Register citation
76 FR 78545
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2011-12-19
Effective date
2011-12-19
Treasury docket
TD 9563
Abstract
This document contains final regulations that provide guidance relating to foreign base company sales income when personal property sold by a controlled foreign corporation (CFC) is purchased, sold, manufactured, produced, constructed, grown or extracted by one or more branches of the CFC. The regulations finalize proposed regulations and withdraw temporary regulations published on December 29, 2008. These regulations, in general, affect controlled foreign corporations and their United States shareholders.