United States Dollar Approximate Separate Transactions Method
other · IRS · Rule · Published 2007-03-30 · Effective 2007-03-30 · 72 FR 15043
Document
Document number
E7-5857
Federal Register citation
72 FR 15043
CFR reference
26 CFR 1
Type
Rule
Action
Final regulation.
Category
other
Sub-agency
IRS
Publication date
2007-03-30
Effective date
2007-03-30
Treasury docket
TD 9320
Abstract
This document contains final regulations which provide the translation rates that must be used when translating into dollars certain items and amounts transferred by a qualified business unit (QBU) to its home office or parent corporation for purposes of computing dollar approximate separate transactions method (DASTM) gain or loss. This regulation is necessary to provide guidance under section 985 regarding the proper translation rates that must be used under the DASTM method. Taxpayers affected by these regulations are taxpayers with QBUs required to use the DASTM method of accounting described in Sec. 1.985-3.