Summary of Changes for Schedule S

Record of Actions on Assignment
Assignment:
2008 Instructions for Schedule S (Form 1120-F), Exclusion of Income from International Operation of Ships or Aircraft Under Section 883

Assigned to:

Date Started:

Emebeth Demrew

Date Completed:

06/09/2008

Reviewed by:

12/12/2008

Date Started:

Date Completed:

Record of Technical Developments Considered
Development
(Including Cite)

Description

Location

Action

TLS

Date

REV

1. 1.883-2(a)

Publicly traded test

1&2

ED

12/11/2008

2. 1.883-3(a)

CFC stock ownership test

1&2

ED

12/11/2008

1&2

ED

12/11/2008

3. 1.883-4(a) Qualified shareholder stock ownership test

Date

4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

Coordination with Other Offices (Use Specific Symbols)
Item
Pages

Sent to Other Offices
Topic

Symbols

1.
2.
3.
4.
5.
Action Codes:
Material initiated or revised on basis of this item.............................................. A
No action taken because:
Factual item .............................................................................. B
Already covered......................................................................... C
Limited applicability .................................................................... D
Other (explain) ........................................................................... E

Date

Returned
Target

Actual

Review of Comments
Initiator

Reviewer

Implementation Plan: Open Actions for Product 1120F(SCH S)
Run by: SD_FWSMB

Run date:

11-DEC-08

Major Changes
This is a new product that was developed in response to a program change initiated by
IRS Counsel and LMSB.