(DOWNLOAD) "Calculating and Apportioning the Section 11(b)(1) Additional Tax under Section 1561 for Controlled Groups (US Internal Revenue Service Regulation) (IRS) (2018 Edition)" by The Law Library # eBook PDF Kindle ePub Free
eBook details
- Title: Calculating and Apportioning the Section 11(b)(1) Additional Tax under Section 1561 for Controlled Groups (US Internal Revenue Service Regulation) (IRS) (2018 Edition)
- Author : The Law Library
- Release Date : January 08, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 140 KB
Description
The Law Library presents the complete text of the Calculating and Apportioning the Section 11(b)(1) Additional Tax under Section 1561 for Controlled Groups (US Internal Revenue Service Regulation) (IRS) (2018 Edition).
Updated as of May 29, 2018
This document removes the final regulation for § 1.1561-2, amends §§ 1.1561-2T and 1.1563-1T, and adds § 1.1502-47T. These temporary regulations affect component members of a controlled group of corporations and consolidated groups filing life-nonlife Federal income tax returns. These temporary regulations provide guidance for calculating and apportioning between component members any amount of additional tax and any reduction in the amount exempted from the alternative minimum tax. These temporary regulations also update and clarify the allocation of tax-benefit items in the case in which a component member has a short taxable year not including a December 31st date. Finally, these temporary regulations provide explanations of two concepts: a group's testing date and a member's testing period for use in determining which members of the group and which taxable years of those members are subject to the controlled group rules. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register.
This ebook contains:
- The complete text of the Calculating and Apportioning the Section 11(b)(1) Additional Tax under Section 1561 for Controlled Groups (US Internal Revenue Service Regulation) (IRS) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure