2023-01-04
Treasury regulations published over the past few years have been heavy on definitions:
Many of the terms are defined by cross reference to definitions found elsewhere in the regulations:
Treas. Reg. §1.245A(d)-1(c) defines "inclusion percentage" and "Section 904 category" by cross referencing Treas. Reg. §1.960-1(b). But those two definitions just cross reference to other regulations.
Treas. Reg. §1.245A(d)-1(c)(17) defines the term "remittance" by cross referencing Treas. Reg. §1.860-20(d)(3)(v)(E)(8). However, Treas. Reg. §1.904-4(f)(3)(xii) has its own definition of remittance.
We created a chart showing the tangled web of the cross references between the different regulations.