# Definition of Foreign Base Company Income and Foreign Personal Holding Company Income of a Controlled Foreign Corporation
> **IRS** · Final regulations. · Published 1997-01-02 · Effective 1997-01-02 · 62 FR 17
## Document
- **Document number:** 97-32378
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 62 FR 17
- **CFR reference:** 26 CFR 1
- **Publication date:** 1997-01-02
- **Effective date:** 1997-01-02
- **Treasury docket:** TD 8704
## Abstract

This document contains final regulations relating to the definitions of subpart F income and foreign personal holding company income of a controlled foreign corporation and the allocation of deficits for purposes of computing the deemed-paid foreign tax credit. These regulations are necessary to provide guidance that coordinates with previously published guidance under section 954. These regulations will affect United States shareholders of controlled foreign corporations.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/01/02/97-32378/definition-of-foreign-base-company-income-and-foreign-personal-holding-company-income-of-a)
---
*AI Analytics · CC0 1.0*