Internal Revenue Service November 19, 2019 – Federal Register Recent Federal Regulation Documents

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Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for the IRS Taxpayer Burden Surveys

Document Number: 2019-25008

Type: Notice

Date: 2019-11-19

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning the 2019, 2020, and 2021 IRS Taxpayer Burden Surveys.

https://regulations.justia.com/regulations/fedreg/2019/11/19/2019-25008.html

Ownership Attribution for Purposes of Determining Whether a Person Is Related to a Controlled Foreign Corporation; Rents Derived in the Active Conduct of a Trade or Business

Document Number: 2019-24985

Type: Rule

Date: 2019-11-19

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document contains final regulations regarding the attribution of ownership of stock or other interests for purposes of determining whether a person is a related person with respect to a controlled foreign corporation (``CFC'') under section 954(d)(3). In addition, the final regulations provide rules for determining whether a CFC is considered to derive rents in the active conduct of a trade or business for purposes of computing foreign personal holding company income. This document finalizes the proposed regulations published on May 20, 2019. The regulations affect United States persons with direct or indirect ownership interests in certain foreign corporations.

https://regulations.justia.com/regulations/fedreg/2019/11/19/2019-24985.html