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No 245A DRD for Dividends from a SFC to a CFC

2024-09-12

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Last week the IRS published CCA 202436010. The CCA concludes, despite explicit legislative history suggesting otherwise, that no dividends received deduction is a allowed for dividends received by a controlled foreign corporation ("CFC") from a specified 10-percent owned foreign corporation ("SFC").

We created a chart for CCA 202436010.

Tags: 245A Dividends Received Deduction, Charts - Situational Charts

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1(h)(11) Qualified Dividend Income
59A BEAT
83 Property for Services
163(j) Limit on Business Interest
245A Dividends Received Deduction
250 GILTI & FDII Deductions
267(a)-3 Amts owed to rel'd fgn persons
301 Distributions
304 Transactions
318 Attribution
331/332 Liquidations
338 Elections
351 Exchanges
355 Spin-Offs
367(b) Fgn to Fgn Corp
367(d) Intangibles
368 Corporate Reorgs
385 Debt vs. Equity
402(b) Foreign Pensions
453 Installment Sales
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482 Transfer Pricing
641-684 Trusts
701 Partnerships
856 REITs
861 Source of Income
864 Engaged in U.S. Trade or Business (ETOB)
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882 Foreign Corps with ECI
884 Branch Profits Tax
894 Competent Authority
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901(m) Covered Asset Acquisitions
911 Adverse Conditions
911 Foreign Earned Income Exclusion
911 Housing Cost Amounts
933/937 Puerto Rico
951 Subpart F Income
951A GILTI
953(d) Dom. Election for Fgn. Ins. Co.
956 Investments in U.S. Property
957 Controlled Foreign Corporation
958 Direct & Indirect O'ship Rules
960 Deemed Paid Foreign Taxes
962 Election to be taxed as corporate rates
965 Transition Tax
986 Translation of Foreign Inc. Taxes
986(c) PTEP Exch. Gain/Loss
987 Branch Transactions
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989 Qualified Business Unit (QBU)
991 IC DISC
1202 Exclusion for QSBS
1248 Sales of CFCs
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1293, 1295 QEFs
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1441 U.S. Withholding Taxes
1446(f) Withholding on Partnership Sales
1471 FATCA
1504(d) Election to Treat Fgn. Sub. as U.S. Co.
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