Allocation and Apportionment of Expenses

Internal Revenue Code

Treasury Regulations

Treaty Provisions

U.S. Model Treaty, Article 7 (Business Profits)

Court Decisions

 
National Westminster Bank, PLC v. United States, 44 Fed. Cl. 120 (1999), interlocutory appeal denied, 232 F.3d 906 (Fed. Cir. 2000) (Treas. Reg. 1.882-5 inconsistent with art. 7(2) of U.S.-U.K. treaty)
 

Other Materials

PLR 200406032 (Corporation may change from the fair market value method to the tax book value method of asset valuation for purposes of apportioning interest expense under sections 1.861-8T(c)(2) and 1.861-9T(g)(1)(ii))

PLR 200347002 (Taxpayer may change from fair market value method of asset valuation for purposes of apportioning interest expense to tax book value method, pursuant to sections 1.861-8T(c)(2) and 1.861-9T(g)(1)(ii))

TAM 9833001 (Allocations to U.S. source income incorrect -- Section 861)

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