Internal Revenue Service February 5, 2019 – Federal Register Recent Federal Regulation Documents

Regulations Regarding the Transition Tax Under Section 965 and Related Provisions
Document Number: 2019-00265
Type: Rule
Date: 2019-02-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations implementing section 965 of the Internal Revenue Code (the ``Code''). Section 965 was amended by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017. This document finalizes the proposed regulations published on August 9, 2018. The final regulations affect United States persons with direct or indirect ownership interests in certain foreign corporations.