# Prop. Treas. Reg. § 1.441-1: Period for computation of taxable income.

Proposed regulation, not in force. REG-115145-25, 91 FR 48794, published 2026-08-03 <https://www.federalregister.gov/documents/2026/08/03/2026-15614/section-898c-transition-rule-for-allocating-foreign-taxes-and-section-960d4-foreign-tax-credit>. Interprets 26 U.S.C. § 441.

Par. 3. Section 1.441-1 is amended by revising paragraph (b)(2)(ii)(C) to read as follows:

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(b) * * *

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(C) Specified foreign corporations. A specified foreign corporation (as defined in section 898(b)) may use a taxable year other than its required taxable year if it elects a 52-53-week taxable year that ends with reference to its required taxable year as provided in paragraph (b)(2)(ii)(A) of this section.

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