# Information Returns Required with Respect to Certain Foreign Corporations and Certain Foreign-Owned Domestic Corporations
> **IRS** · Final regulations and removal of temporary regulations. · Published 2007-07-13 · Effective 2007-07-13 · 72 FR 38475
## Document
- **Document number:** E7-13587
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 72 FR 38475
- **CFR reference:** 26 CFR 1
- **Publication date:** 2007-07-13
- **Effective date:** 2007-07-13
- **Treasury docket:** TD 9338
## Abstract

This document contains final regulations that provide guidance under sections 6038 and 6038A of the Internal Revenue Code (Code). The final regulations clarify the information required to be furnished regarding certain related party transactions of certain foreign corporations and certain foreign-owned domestic corporations. The final regulations also increase the amount of certain penalties, and make certain other changes, to reflect the statutory changes made by the Taxpayer Relief Act of 1997.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/07/13/E7-13587/information-returns-required-with-respect-to-certain-foreign-corporations-and-certain-foreign-owned)
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