Internal Revenue Service United States Department of the Treasury

Internal Revenue Bulletin:  2005-11 

March 14, 2005 

Part III. Administrative, Procedural, and Miscellaneous

Table of Contents

  • Notice 2005-21
    • BACKGROUND
    • SECTION I. THE SECTION 936 CORPORATION CONTINUES ITS ACTIVITIES AS A DOMESTIC CORPORATION.
      • A. Membership in consolidated group
      • B. Former section 936 corporation with loss history
      • C. Accumulated earnings of section 936 corporation
    • SECTION II. THE SECTION 936 CORPORATION LIQUIDATES INTO ITS DOMESTIC PARENT CORPORATION.
      • A. Recognition of gain or loss upon liquidation distributions
      • B. Succession to section 381(c) items of the liquidated section 936 corporation
    • SECTION III. THE SECTION 936 CORPORATION REINCORPORATES AS A FOREIGN CORPORATION.
      • A. Section 367 consequences of a section 368(a)(1)(F) reorganization
      • B. Effect of termination of section 936 on the use and transfer of intangibles
      • C. Subsequent dividends from earnings accumulated by the section 936 corporation
      • D. Alternative minimum tax
      • E. Recapture of dual consolidated losses
      • F. Reporting requirements
      • G. Subpart F consequences to U.S. shareholders
    • DRAFTING INFORMATION
  • Notice 2005-23
    • TSUNAMI DISASTER
    • QUALIFIED DISASTER RELIEF PAYMENTS EXCLUDED FROM RECIPIENT’S GROSS INCOME
    • DESIGNATION AS QUALIFIED DISASTER
    • SECTION 501(c)(3) ORGANIZATIONS
    • DRAFTING INFORMATION
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