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federal_register: E7-20504

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
E7-20504 Withholding Procedures Under Section 1441 for Certain Distributions to Which Section 302 Applies Proposed Rule This document contains proposed regulations regarding a withholding agent's obligation to withhold and report tax under Chapter 3 of the Internal Revenue Code when there is a distribution in redemption of stock of a corporation that is actively traded on an established financial market. Specifically, the proposed regulations provide an escrow procedure that a withholding agent must apply while making the determination under section 302 as to whether the distribution in redemption of the stock held by a foreign shareholder is treated as a dividend subject to withholding, or a distribution in part or full payment in exchange for stock. These regulations would affect corporations that are actively traded on an established financial market and their shareholders. This document also provides a notice of public hearing on these proposed regulations. 2007-10-17 2007 10 https://www.federalregister.gov/documents/2007/10/17/E7-20504/withholding-procedures-under-section-1441-for-certain-distributions-to-which-section-302-applies https://www.govinfo.gov/content/pkg/FR-2007-10-17/pdf/E7-20504.pdf Treasury Department; Internal Revenue Service 497,254 This document contains proposed regulations regarding a withholding agent's obligation to withhold and report tax under Chapter 3 of the Internal Revenue Code when there is a distribution in redemption of stock of a corporation that is actively traded...  

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