IRS Withdraws Portions of 1988 Notice of Proposed Rulemaking Regarding Related Person Factoring Income and Certain Investments in US Property

Summary

The IRS has withdrawn certain provisions from a 1988 notice of proposed rulemaking, affecting stock redemptions through related corporations, indirect application of section 956 to US property held by controlled foreign corporations, and related party factoring transactions.

Original source language: Federal Register — Department of the TreasuryOpen original release →

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