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Article: Comments on proposed foreign recordkeeping regulations under Section 6038A.
- Article from:
- Tax Executive
- Article date:
- March 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Tax Executives Institute, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Comments on Proposed Foreign Recordkeeping Regulations under Section 6038A
On December 4, 1990, the Internal Revenue Service issued proposed regulations under section 6038A of the Internal Revenue Code, relating to the information reporting and agency designation requirements for foreign-owned corporations. The regulations were published in the Federal Register on December 10, 1990 (55 Fed. Reg. 50706), and in the December 31, 1990, issue of the Internal Revenue Bulletin (1990-53 I.R.B. 45). The IRS held a public hearing on the regulations on February 22, 1991.
For simplicity's sake, the proposed regulations are referred to as the "proposed regulations"; ...