# Agent for a Consolidated Group With Foreign Common Parent
> **IRS** · Final regulations and removal of temporary regulations. · Published 2007-07-23 · Effective 2007-07-23 · 72 FR 40066
## Document
- **Document number:** E7-14197
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 72 FR 40066
- **CFR reference:** 26 CFR 1
- **Publication date:** 2007-07-23
- **Effective date:** 2007-07-23
- **Treasury docket:** TD 9343
## Abstract

This document contains final regulations under section 1502 that provide the Internal Revenue Service with the authority to designate a domestic member of the consolidated group as a substitute agent to act as the sole agent for the group where a foreign entity is the group's common parent. The final regulations are necessary to clarify and explain the rules governing the designation of an agent for the members of a consolidated group. The regulations affect corporations that join in the filing of a consolidated Federal income tax return where the common parent of the consolidated group is a foreign entity that is treated as a domestic corporation pursuant to section 7874(b) of the Internal Revenue Code (Code) or as the result of a section 953(d) election.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/07/23/E7-14197/agent-for-a-consolidated-group-with-foreign-common-parent)
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