[Code of Federal Regulations]
[Title 26, Volume 9]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.851-4]

[Page 11-12]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1--INCOME TAXES--Table of Contents
 
Sec. 1.851-4  Determination of status.

    With respect to the effect which certain discrepancies between the 
value of its various investments and the requirements of section 
851(b)(4) and paragraph (c) of Sec. 1.851-2, or the effect

[[Page 12]]

that the elimination of such discrepancies will have on the status of a 
company as a regulated investment company for purposes of part I, 
subchapter M, chapter 1 of the Code, see section 851(d). A company 
claiming to be a regulated investment company shall keep sufficient 
records as to investments so as to be able to show that it has complied 
with the provisions of section 851 during the taxable year. Such records 
shall be kept at all times available for inspection by any internal 
revenue officer or employee and shall be retained so long as the 
contents thereof may become material in the administration of any 
internal revenue law.

[T.D. 6598, 27 FR 4090, Apr. 28, 1962]