{"abstract":"This document contains proposed regulations that adjust hybrid deduction accounts to take into account earnings and profits of a controlled foreign corporation that are included in income by a United States shareholder. This document also contains proposed regulations that address, for purposes of the conduit financing rules, arrangements involving equity interests that give rise to deductions (or similar benefits) under foreign law. Further, this document contains proposed regulations relating to the treatment of certain payments under the global intangible low-taxed income (GILTI) provisions. The proposed regulations affect United States shareholders of foreign corporations and persons that make payments in connection with certain hybrid arrangements.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/04/08/2020-05923.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"85 FR 19858","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0004-0001","comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by June 8, 2020.","disposition_notes":null,"docket_ids":["REG-106013-19"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":4,"comment_start_date":"2020-04-08","updated_at":"2024-11-06T19:05:32.038-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0004-0001","allow_late_comments":true,"id":"IRS-2020-0004-0001","comment_end_date":"2020-06-09","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2020-0004","title":"Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Section 951A (Global Intangible Low-Taxed Income) (REG-106013-19)"}],"document_number":"2020-05923","effective_on":null,"end_page":19873,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/04/08/2020-05923.xml","html_url":"https://www.federalregister.gov/documents/2020/04/08/2020-05923/guidance-involving-hybrid-arrangements-and-the-allocation-of-deductions-attributable-to-certain","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-05923?publication_date=2020-04-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-04-08/2020-05923/mods.xml","not_received_for_publication":null,"page_length":16,"page_views":{"count":2974,"last_updated":"2026-10-23 14:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-04-08/pdf/2020-05923.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-05923.pdf?1586263528","publication_date":"2020-04-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/04/08/2020-05923.txt","regulation_id_number_info":{"1545-BP22":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1545-BP22/guidance-involving-hybrid-arrangements-and-the-allocation-of-deductions-attributable-to-certain-disq","title":"Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Sections 951A","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1545-BP22&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["1545-BP22"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP22/guidance-involving-hybrid-arrangements-and-the-allocation-of-deductions-attributable-to-certain-disq","title":"Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Sections 951A"},"comments_count":4,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0004","supporting_documents_count":0,"docket_id":"IRS-2020-0004","document_id":"IRS-2020-0004-0001","regulation_id_number":"1545-BP22","title":"Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Section 951A (Global Intangible Low-Taxed Income) (REG-106013-19)","checked_regulationsdotgov_at":"2024-11-07T01:01:24Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2020-0004-0001","significant":true,"signing_date":null,"start_page":19858,"subtype":null,"title":"Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Section 951A (Global Intangible Low-Taxed Income)","toc_doc":null,"toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":85}