WASHINGTON, Aug. 26 -- Internal Revenue Service has issued a proposed rule called: Pro Rata Share of Subpart F Income, Tested Income, or Tested Loss.
The proposed rule was published in the Federal Register on Aug. 26 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains proposed regulations relating to the determination of a United States shareholder's pro rata share of subpart F income, tested income, or tested loss of a controlled foreign corporation. The proposed regulations would affect shareholders of foreign corporations, including United States shareholders of controlled foreign corporations.
For more information, contact Concerning the proposed regulations, Dylan J. Steiner at 202/317-6934; concerning su...