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Treasury Regulations · 26 CFR

§ 1.565-5. Nonresident aliens and foreign corporations.

In effect eCFR current as of October 15, 2026

Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).

Regulation under 26 U.S.C. § 565

Cite as 26 CFR § 1.565-5

At a glance

Read from the text and its source citation. Not part of the regulation.

Status
In the current eCFR
Issued
March 14, 1989 by T.D. 8244
Issued under
26 U.S.C. § 565
Length
196 words · about 1 min to read
Cross-references
cites 1 Code section and 1 regulation; cited by 1
(a) Withholding. In the event that a corporation makes a consent dividend, as described in § 1.565-1 (a), to a shareholder that is subject to a withholding tax under section 1441 or 1442 on a distribution of cash or other property, the corporation must remit an amount of tax equal to the withholding tax that would be imposed under section 1441 or 1442 if an actual cash distribution equal to the consent dividend had been paid to the shareholder on the last day of the corporation's taxable year. Such payment must be in one of the following forms:
(1) Cash,
(2) United States postal money order,
(3) Certified check drawn on a domestic bank, provided that the law of the place where the bank is located does not permit the certification to be rescinded prior to presentation,
(4) A cashier's check of a domestic bank, or
(5) A draft on a domestic bank or a foreign bank maintaining a United States agency or branch and payable in United States funds.

The amount of such payment shall be credited against the tax imposed on the shareholder.

(b) [Reserved]

[T.D. 8244, 54 FR 10540, Mar. 14, 1989]

Other regulations under § 565

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

Regulations it cites

Cited by 1 other regulation

Amendment history

From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.

  1. Issued by T.D. 8244 (54 FR 10540)

Where it sits in 26 CFR

  1. Subchapter A Income tax
  2. Part 1 Income taxes
  3. Deduction for Dividends Paid

Nearby sections