Justia Regulation Tracker

View PDF Version

[Federal Register: March 27, 2009 (Volume 74, Number 58)]
[Rules and Regulations]               
[Page 13340]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27mr09-6]                         

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

 
Determination of Interest Expense Deduction of Foreign 
Corporations

CFR Correction

    In Title 26 of the Code of Federal Regulations, Part 1 (Sec. Sec.  
1.851 to 1.907), revised as of April 1, 2008, on page 436, in Sec.  
1.882-5, reinstate paragraph (d)(2)(ii)(B) to read as follows:

Sec.  1.882-5  Determination of interest deduction.

* * * * *
    (d) * * *
    (2) * * *
    (ii) * * *
    (B) Identified liabilities not properly reflected. A liability is 
not properly reflected on the books of the U.S. trade or business 
merely because a foreign corporation identifies the liability pursuant 
to Sec.  1.884-4(b)(1)(ii) and (b)(3).
* * * * *
[FR Doc. E9-6944 Filed 3-26-09; 8:45 am]

BILLING CODE 1505-01-D

View PDF Version