# Covered Asset Acquisitions
> **IRS** · Final regulations and removal of temporary regulations. · Published 2020-03-23 · Effective 2020-03-23 · 85 FR 16245
## Document
- **Document number:** 2020-05551
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 85 FR 16245
- **CFR reference:** 26 CFR 1
- **Publication date:** 2020-03-23
- **Effective date:** 2020-03-23
- **Treasury docket:** TD 9895
## Abstract

This document contains final Income Tax Regulations under section 901(m) of the Internal Revenue Code (Code) with respect to transactions that generally are treated as asset acquisitions for U.S. income tax purposes and either are treated as stock acquisitions or are disregarded for foreign income tax purposes. These regulations are necessary to provide guidance on applying section 901(m). These regulations affect taxpayers claiming foreign tax credits.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/03/23/2020-05551/covered-asset-acquisitions)
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