Consolidated ReturnsLimitations on the Use of Certain Losses and Credits; Overall Foreign Loss Accounts
other · IRS · Rule · Published 1998-01-12 · Effective 1998-01-12 · 63 FR 1740
Document
Document number
98-43
Federal Register citation
63 FR 1740
CFR reference
26 CFR 1
Type
Rule
Action
Final and temporary regulations.
Category
other
Sub-agency
IRS
Publication date
1998-01-12
Effective date
1998-01-12
Treasury docket
TD 8751
Abstract
This document contains temporary amendments to the consolidated return regulations. The temporary amendments govern the use of tax credits of a consolidated group and its members. They also concern the recharacterization of certain foreign source income because of a prior overall foreign loss. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.