[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.552-5]

[Page 288]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.552-5  United States shareholder of excluded bank.

    A copy of the certification issued to an excluded bank under section 
552(b)(2) and Sec. 1.552-4 shall be filed with, and made a part of, the 
income tax return for the taxable year of each United States shareholder 
of such foreign corporation, if he has been a shareholder of such 
corporation for any part of such year. If the certificate has not been 
issued at the time the return of the United States shareholder is filed, 
the shareholder shall compute the tax on his return by treating the bank 
as a foreign personal holding company. If a certificate is issued after 
the return is filed, the United States shareholder may file a claim for 
refund or an amended return, and shall attach thereto a copy of the 
certification.