74 FR 58 pg. 13340 - Determination of Interest Expense Deduction of Foreign Corporations
Type: RULEVolume: 74Number: 58Page: 13340
FR document: [FR Doc. E9-6944 Filed 3-26-09; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
Determination of Interest Expense Deduction of Foreign Corporations
CFR Correction
In Title 26 of the Code of Federal Regulations, Part 1 (§§ 1.851 to 1.907), revised as of April 1, 2008, on page 436, in § 1.882-5, reinstate paragraph (d)(2)(ii)(B) to read as follows:
§ 1.882-5 Determination of interest deduction.
(d) * * *
(2) * * *
(ii) * * *
(B) Identified liabilities not properly reflected. A liability is not properly reflected on the books of the U.S. trade or business merely because a foreign corporation identifies the liability pursuant to § 1.884-4(b)(1)(ii) and (b)(3).
[FR Doc. E9-6944 Filed 3-26-09; 8:45 am]
BILLING CODE 1505-01-D