Code of Federal Regulations (alpha)

CFR /  Title 26  /  Part 1  /  Sec. 1.883-0 Outline of major topics.

This section lists the major paragraphs contained in Sec. Sec. 1.883-1 through 1.883-5.

Sec. 1.883-1 Exclusion of income from the international operation of

(a) General rule.(b) Qualified income.(c) Qualified foreign corporation.(1) General rule.(2) Stock ownership test.(3) Substantiation and reporting requirements.(i) General rule.(ii) Further documentation.(A) General rule.(B) Names and permanent addresses of certain shareholders.(4) Commissioner's discretion to cure defects in documentation.(d) Qualified foreign country.(e) Operation of ships or aircraft.(1) General rule.(2) Pool, partnership, strategic alliance, joint operating agreement,

(1) General rule.(2) Stock ownership test.(3) Substantiation and reporting requirements.(i) General rule.(ii) Further documentation.(A) General rule.(B) Names and permanent addresses of certain shareholders.(4) Commissioner's discretion to cure defects in documentation.(d) Qualified foreign country.(e) Operation of ships or aircraft.(1) General rule.(2) Pool, partnership, strategic alliance, joint operating agreement,

(i) General rule.(ii) Further documentation.(A) General rule.(B) Names and permanent addresses of certain shareholders.(4) Commissioner's discretion to cure defects in documentation.(d) Qualified foreign country.(e) Operation of ships or aircraft.(1) General rule.(2) Pool, partnership, strategic alliance, joint operating agreement,

(A) General rule.(B) Names and permanent addresses of certain shareholders.(4) Commissioner's discretion to cure defects in documentation.(d) Qualified foreign country.(e) Operation of ships or aircraft.(1) General rule.(2) Pool, partnership, strategic alliance, joint operating agreement,

(1) General rule.(2) Pool, partnership, strategic alliance, joint operating agreement,

(i) Bareboat charter.(ii) Code-sharing arrangement.(iii) Dry lease.(iv) Entity.(v) Fiscally transparent entity under the income tax laws of the United

(1) General rule. (2) Determining whether income is derived from international operation

(i) International carriage of passengers.(A) General rule.(B) Round trip travel on ships.(ii) International carriage of cargo.(iii) Bareboat charter of ships or dry lease of aircraft used in

(A) General rule.(B) Round trip travel on ships.(ii) International carriage of cargo.(iii) Bareboat charter of ships or dry lease of aircraft used in

international operation of ships or aircraft.(iv) Charter of ships or aircraft for hire.(g) Activities incidental to the international operation of ships or

(1) General rule.(2) Activities not considered incidental to the international operation

of ships or aircraft.(3) Other Services. [Reserved](4) Activities involved in a pool, partnership, strategic alliance,

joint operating agreement, code-sharing arrangement or other

(1) General rule.(2) Determining equivalent exemptions for each category of income.(3) Special rules with respect to income tax conventions.(i) Countries with only an income tax convention.(ii) Countries with both an income tax convention and an equivalent

(i) Countries with only an income tax convention.(ii) Countries with both an income tax convention and an equivalent

(A) General rule.(B) Special rule for claiming simultaneous benefits under section 883

(i) General rule.(ii) Reduced tax rate or time limited exemption.(iii) Inbound or outbound freight tax.(iv) Exemptions for limited types of cargo.(v) Territorial tax systems.(vi) Countries that tax on a residence basis.(vii) Exemptions within categories of income.(i) Treatment of possessions.(j) Expenses related to qualified income.

(i) General rule.(ii) Reduced tax rate or time limited exemption.(iii) Inbound or outbound freight tax.(iv) Exemptions for limited types of cargo.(v) Territorial tax systems.(vi) Countries that tax on a residence basis.(vii) Exemptions within categories of income.(i) Treatment of possessions.(j) Expenses related to qualified income.

(a) General rule.(b) Established securities market.(1) General rule.(2) Exchanges with multiple tiers.(3) Computation of dollar value of stock traded.(4) Over-the-counter market.(5) Discretion to determine that an exchange does not qualify as an

(1) General rule.(2) Exchanges with multiple tiers.(3) Computation of dollar value of stock traded.(4) Over-the-counter market.(5) Discretion to determine that an exchange does not qualify as an

(1) General rule.(2) Classes of stock traded on a domestic established securities market

treated as meeting trading requirements.(3) Closely-held classes of stock not treated as meeting trading

(i) General rule.(ii) Exception.(iii) Five-percent shareholders.(A) Related persons.(B) Investment companies.(4) Anti-abuse rule.(5) Example.(e) Substantiation that a foreign corporation is publicly traded.(1) General rule.(2) Availability and retention of documents for inspection.(f) Reporting requirements.

(A) Related persons.(B) Investment companies.(4) Anti-abuse rule.(5) Example.(e) Substantiation that a foreign corporation is publicly traded.(1) General rule.(2) Availability and retention of documents for inspection.(f) Reporting requirements.

(1) General rule.(2) Availability and retention of documents for inspection.(f) Reporting requirements.

(a) General rule.(b) Qualified U.S. person ownership test.(1) General rule.(2) Qualified U.S. person.(3) Treatment of bearer shares.(4) Ownership attribution through certain domestic entities.(5) Examples.(c) Substantiation of CFC stock ownership.(1) In general.(2) Ownership statements from qualified U.S. persons.(3) Ownership statements from intermediaries.(4) Three-year period of validity.(5) Availability and retention of documents for inspection.(d) Reporting requirements.

(1) General rule.(2) Qualified U.S. person.(3) Treatment of bearer shares.(4) Ownership attribution through certain domestic entities.(5) Examples.(c) Substantiation of CFC stock ownership.(1) In general.(2) Ownership statements from qualified U.S. persons.(3) Ownership statements from intermediaries.(4) Three-year period of validity.(5) Availability and retention of documents for inspection.(d) Reporting requirements.

(1) General rule.(2) Qualified U.S. person.(3) Treatment of bearer shares.(4) Ownership attribution through certain domestic entities.(5) Examples.(c) Substantiation of CFC stock ownership.(1) In general.(2) Ownership statements from qualified U.S. persons.(3) Ownership statements from intermediaries.(4) Three-year period of validity.(5) Availability and retention of documents for inspection.(d) Reporting requirements.

(a) General rule.(b) Qualified shareholder.(1) General rule.(2) Residence of individual shareholders.(i) General rule.(ii) Tax home.(3) Certain income tax convention restrictions applied to shareholders.(4) Not-for-profit organizations.(5) Pension funds.(i) Pension fund defined.(ii) Government pension funds.(iii) Nongovernment pension funds.(iv) Beneficiary of a pension fund.(c) Rules for determining constructive ownership.(1) General rules for attribution.(2) Partnerships.(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(1) General rule.(2) Residence of individual shareholders.(i) General rule.(ii) Tax home.(3) Certain income tax convention restrictions applied to shareholders.(4) Not-for-profit organizations.(5) Pension funds.(i) Pension fund defined.(ii) Government pension funds.(iii) Nongovernment pension funds.(iv) Beneficiary of a pension fund.(c) Rules for determining constructive ownership.(1) General rules for attribution.(2) Partnerships.(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(i) General rule.(ii) Tax home.(3) Certain income tax convention restrictions applied to shareholders.(4) Not-for-profit organizations.(5) Pension funds.(i) Pension fund defined.(ii) Government pension funds.(iii) Nongovernment pension funds.(iv) Beneficiary of a pension fund.(c) Rules for determining constructive ownership.(1) General rules for attribution.(2) Partnerships.(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(i) General rule.(ii) Tax home.(3) Certain income tax convention restrictions applied to shareholders.(4) Not-for-profit organizations.(5) Pension funds.(i) Pension fund defined.(ii) Government pension funds.(iii) Nongovernment pension funds.(iv) Beneficiary of a pension fund.(c) Rules for determining constructive ownership.(1) General rules for attribution.(2) Partnerships.(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(1) General rules for attribution.(2) Partnerships.(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(i) General rule.(ii) Partners resident in the same country.(iii) Examples.(3) Trusts and estates.(i) Beneficiaries. (ii) Grantor trusts.(4) Corporations that issue stock.(5) Taxable nonstock corporations.(6) Mutual insurance companies and similar entities.(7) Computation of beneficial interests in nongovernment pension funds.(d) Substantiation of stock ownership.(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(1) General rule.(2) Application of general rule.(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(i) Ownership statements.(ii) Three-year period of validity.(3) Special rules.(i) Substantiating residence of certain shareholders.(ii) Special rule for registered shareholders owning less than one

(A) Government pension fund.(B) Nongovernment pension fund.(iv) Special rule for stock owned by publicly-traded corporations.(v) Special rule for not-for-profit organizations.(vi) Special rule for a foreign airline covered by an air services

agreement.(vii) Special rule for taxable nonstock corporations.(viii) Special rule for closely-held corporations traded in the United

(i) Ownership statements from individuals.(ii) Ownership statements from foreign governments.(iii) Ownership statements from publicly-traded corporate shareholders.(iv) Ownership statements from not-for-profit organizations.(v) Ownership statements from intermediaries.(A) General rule.(B) Ownership statements from widely-held intermediaries with registered

(A) General rule.(B) Ownership statements from widely-held intermediaries with registered

shareholders owning less than one percent of such widely-held

(1) Ownership statements from government pension funds.(2) Ownership statements from nongovernment pension funds.(3) Time for making determinations.(D) Ownership statements from taxable nonstock corporations.(5) Availability and retention of documents for inspection.(e) Reporting requirements.

Sec. 1.883-5 Effective dates. (a) General rule.(b) Election for retroactive application.(c) Transitional information reporting rule.(d) Effective/applicability dates. [T.D. 9087, 68 FR 51399, Aug. 26, 2003, as amended by T.D. 9332, 72 FR 34604, June 25, 2007; T.D. 9502, 75 FR 56861, Sept. 17, 2010]