Department of Treasury October 3, 2005 – Federal Register Recent Federal Regulation Documents

Section 1446 Regulations; Withholding on Effectively-Connected Taxable Income Allocable to Foreign Partners; Hearing
Document Number: 05-19623
Type: Proposed Rule
Date: 2005-10-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document changes the date of a public hearing on proposed regulations relating to the circumstances under which a partnership may take partner-level deductions and losses into account in computing its withholding tax obligation with respect to a foreign partner's allocable share of effectively connected taxable income.
Stock Held by Foreign Insurance Companies
Document Number: 05-19622
Type: Rule
Date: 2005-10-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the determination of income of foreign insurance companies that is effectively connected with the conduct of a trade or business within the United States. The regulations provide that the exception to the asset-use test for stock shall not apply in determining whether the income, gain, or loss from portfolio stock held by foreign insurance companies constitutes effectively connected income.
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