Domestic Owner [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.1503(d)-1 (9) [ Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter A Income Tax; Part 1 Income Taxes; Consolidated Returns; Dual Consolidated Losses Incurred in Taxable Years Beginning Before October 1, 1992], the term Domestic Owner means --
“(i) A domestic corporation (including a dual resident corporation) that has one or more separate units or interests in a transparent entity; and
(ii) In the case of a combined separate unit, a domestic corporation (including a dual resident corporation) that has one or more individual separate units that are treated as part of the combined separate unit under paragraph (b)(4)(ii) of this section.”
Legal Definition list
Related Legal Terms
- Absolute Ownership
- Absolute Ownership (Oil and Gas)
- Accumulation plan [Internal Revenue]
- Acquisition of Ownership (Trademark)
- Actuarial Present Value [Internal Revenue]
- Adjoining Landowners
- Affected Landowners
- Airport Revenue [Aeronautics and Space]
- All Substantial Rights to a Patent [Internal Revenue]
- Alternate Payee [Internal Revenue]
