[Title 26 CFR 1.936-1]
[Code of Federal Regulations (annual edition) - April 1, 2002 Edition]
[Title 26 - INTERNAL REVENUE]
[Chapter I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY]
[Subchapter A - INCOME TAX (CONTINUED)]
[Part 1 - INCOME TAXES]
[Sec. 1.936-1 - Elections.]
[From the U.S. Government Printing Office]


26INTERNAL REVENUE102002-04-012002-04-01false1.936-1Sec. 1.936-1INTERNAL REVENUEINTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURYINCOME TAX (CONTINUED)INCOME TAXES
Sec. 1.936-1  Elections.

    (a) Making an election. A domestic corporation shall make an 
election under section 936(e), for any taxable year beginning after 
December 31, 1975, by filing Form 5712 on or before the later of--
    (1) The date on which such corporation is required, pursuant to 
sections 6072(b) and 6081, to file its Federal income tax return for the 
first taxable year for which the election is made; or
    (2) April 8, 1980.

Form 5712 shall be filed with the Internal Revenue Service Center, 11601 
Roosevelt Boulevard, Philadelphia, Pennsylvania 19155 (Philadelphia 
Center).
    (b) Revoking an election. Any corporation to which an election under 
section 936 (e) applies on February 8, 1980 is hereby granted the 
consent of the Secretary to revoke that election for the first taxable 
year to which the election applied. (The corporation may make a new 
election under Sec. 1.936-1 (a) for any subsequent taxable year.) The 
corporation shall make this revocation by sending to the Philadelphia 
Center a written statement of revocation on or before April 8, 1980.

(Secs. 7805 and 936(e) of the Internal Revenue Code of 1954 (68A Stat. 
917 and 90 Stat. 1644; 26 U.S.C. 7805 and 936(e)))

[T.D. 7673, 45 FR 8588, Feb. 8, 1980; T.D. 7673, 45 FR 16174, Mar. 13, 
1980]