{"abstract":"This document contains proposed regulations providing rules relating to the determination and recognition of foreign currency gain or loss with respect to qualified business units (\"QBUs\") of controlled foreign corporations (\"CFCs\"). The proposed regulations provide an election under which a CFC generally would not be required to compute or recognize foreign currency gain or loss upon a remittance from a QBU, except in connection with certain inbound nonrecognition transactions.","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/2026/08/14/2026-16569.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"91 FR 52553","comment_url":"http://www.regulations.gov/commenton/IRS-2026-0958-0001","comments_close_on":"2026-11-12","correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by November 12, 2026.","disposition_notes":null,"docket_ids":["REG-103844-26"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":1,"comment_start_date":"2026-08-14","updated_at":"2026-09-07T01:55:42.477-04:00","comment_url":"https://www.regulations.gov/commenton/IRS-2026-0958-0001","allow_late_comments":false,"id":"IRS-2026-0958-0001","comment_end_date":"2026-11-13","regulations_dot_gov_open_for_comment":true}],"supporting_documents_count":0,"id":"IRS-2026-0958","title":"Foreign Currency Gain or Loss of Controlled Foreign Corporations (REG-103844-26)"}],"document_number":"2026-16569","effective_on":null,"end_page":52576,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2026/08/14/2026-16569.xml","html_url":"https://www.federalregister.gov/documents/2026/08/14/2026-16569/foreign-currency-gain-or-loss-of-controlled-foreign-corporations","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2026-16569?publication_date=2026-08-14","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2026-08-14/2026-16569/mods.xml","not_received_for_publication":null,"page_length":24,"page_views":{"count":2525,"last_updated":"2026-10-24 00:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-08-14/pdf/2026-16569.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-16569.pdf?1786625109","publication_date":"2026-08-14","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2026/08/14/2026-16569.txt","regulation_id_number_info":{"1545-BS16":null},"regulation_id_numbers":["1545-BS16"],"regulations_dot_gov_info":{"supporting_documents":[],"comments_count":1,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2026-0958","supporting_documents_count":0,"docket_id":"IRS-2026-0958","document_id":"IRS-2026-0958-0001","regulation_id_number":"1545-BS16","title":"Foreign Currency Gain or Loss of Controlled Foreign Corporations (REG-103844-26)","checked_regulationsdotgov_at":"2026-09-08T08:55:04Z"},"regulations_dot_gov_url":"http://www.regulations.gov/commenton/IRS-2026-0958-0001","significant":null,"signing_date":null,"start_page":52553,"subtype":null,"title":"Foreign Currency Gain or Loss of Controlled Foreign Corporations","toc_doc":"Foreign Currency Gain or Loss of Controlled Foreign Corporations","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":91}