# Source of Income From Qualified Fails Charges
> **IRS** · Final regulations and removal of temporary regulations. · Published 2012-02-21 · Effective 2012-02-21 · 77 FR 9846
## Document
- **Document number:** 2012-3909
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 77 FR 9846
- **CFR reference:** 26 CFR 1
- **Publication date:** 2012-02-21
- **Effective date:** 2012-02-21
- **Treasury docket:** TD 9579
## Abstract

This document contains final regulations that prescribe the source of income received on a qualified fails charge under section 863 of the Internal Revenue Code (Code). The regulations finalize proposed regulations and withdraw temporary regulations published on December 8, 2010, and affect persons that pay or are entitled to receive qualified fails charges, including withholding agents.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/02/21/2012-3909/source-of-income-from-qualified-fails-charges)
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