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TREAS/IRS RIN: 1545-BK10 Publication ID: Spring 2019 
Title: Modifications to Definition of United States Property Under Section 956 

This regulation will address modification to the definition of United States property to clarify that certain upfront cash payments made by a controlled foreign corporation to its U.S. shareholders that are cleared through a clearinghouse do not constitute "United States property" under section 956.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.0956-2(T)   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 0956(e)   
Legal Deadline:  None
Action Date FR Cite
NPRM  05/08/2015  80 FR 26500   
NPRM Comment Period End  08/06/2015 
Final Action  12/00/2019 
Additional Information: REG-107548-11 Drafting attorney: Kristine A. Crabtree (202) 317-6934 Reviewing attorney: Jeffery G. Mitchell (202) 317-6934 Treasury attorney: Brian Jenn (202) 622-5967 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BK11 
Agency Contact:
Kristine A. Crabtree
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4710,
Washington, DC 20224
Phone:202 317-6934
Fax:202 317-4982