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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/department/DEPARTMENT_OF_THE_TREASURY/2007-12-26/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Fri, Sep 5 2008 11:00:00 GMT</pubDate>
    <lastBuildDate>Fri, Sep 5 2008 11:00:00 GMT</lastBuildDate>
    <webMaster>info@thefederalregister.com</webMaster>
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  <title><![CDATA[  Calculating and Apportioning the Section 11(b)(1) Additional Tax  under Section 1561 for Controlled Groups.]]></title>
  <link>http://thefederalregister.com/d.p/2007-12-26-E7-24874</link>
  <description><![CDATA[ This document removes the final regulation for Sec.  1.1561-2, 
amends Sec. Sec.  1.15612T and 1.15631T, and adds Sec.  1.150247T. 
These temporary regulations affect component members of a controlled 
group of corporations and consolidated groups filing lifenonlife 
Federal income tax returns. These temporary regulations provide 
guidance for calculating and apportioning between component members any 
amount of additional tax and any reduction in the amount exempted from 
the alternative minimum tax. These temporary regulations also update 
and clarify the allocation of taxbenefit items in the case in which a 
component member has a short taxable year not including a December 31st 
date. Finally, these temporary regulations provide explanations of two 
concepts: a group's testing date and a member's testing period for use 
in determining which members of the group and which taxable years of 
those members are subject to the controlled group rules. The text of 
these temporary regulations also serves as the <script type="text/javascript">
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  <guid>http://thefederalregister.com/d.p/2007-12-26-E7-24874</guid>
  <pubDate>Wed, Dec 26 2007 11:00:00 GMT</pubDate>
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<item>
  <title><![CDATA[  Calculating and Apportioning the Section 11(b)(1) Additional Tax  Under Section 1561 for Controlled Groups]]></title>
  <link>http://thefederalregister.com/d.p/2007-12-26-E7-24886</link>
  <description><![CDATA[ In the Rules and Regulations section of this issue of the 
Federal Register, the IRS is issuing temporary regulations that affect 
component members of a controlled group of corporations and 
consolidated groups filing lifenonlife Federal income tax returns. 
These temporary regulations provide guidance for calculating and 
apportioning between component members any amount of additional tax and 
any reduction in the amount exempted from the alternative minimum tax. 
These temporary regulations also update and clarify the allocation of 
taxbenefit items in the case in which a component member has a short 
taxable year not including a December 31st date. Finally, these 
temporary regulations provide explanations of two concepts: A group's 
testing date and a member's testing period for use in determining which 
members of the group and which taxable years of those members are 
subject to the controlled group rules. The text of those regulations 
also serves as the text of these proposed regulations.
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]]></description>
  <guid>http://thefederalregister.com/d.p/2007-12-26-E7-24886</guid>
  <pubDate>Wed, Dec 26 2007 11:00:00 GMT</pubDate>
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