Source: https://www.law.cornell.edu/cfr/text/26/1.382-2
Timestamp: 2015-09-03 23:34:27
Document Index: 791311649

Matched Legal Cases: ['art 1', 'art 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 601', 'art 1', 'art 1', '§ 1', 'arts 1', 'art 1', '§ 1', 'art 1', '§ 1', 'art 1', '§ 1', 'art 1', '§ 1', 'art 1', '§ 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'arts 1', 'art 1', 'art 1', '§ 1', 'art 1', '§ 1', '§ 21', '§ 23', '§ 25', '§ 25', '§ 28', '§ 30', '§ 36', '§ 38', '§ 40', '§ 41', '§ 42', '§ 43', '§ 45', '§ 46', '§ 47', '§ 52', '§ 56', '§ 58', '§ 61', '§ 62', '§ 66', '§ 67', '§ 72', '§ 101', '§ 103', '§ 103', '§ 108', '§ 110', '§ 129', '§ 132', '§ 148', '§ 149', '§ 150', '§ 152', '§ 162', '§ 163', '§ 165', '§ 166', '§ 168', '§ 170', '§ 171', '§ 179', '§ 179', '§ 197', '§ 199', '§ 216', '§ 221', '§ 263', '§ 267', '§ 274', '§ 280', '§ 280', '§ 280', '§ 301', '§ 304', '§ 305', '§ 324', '§ 336', '§ 337', '§ 338', '§ 351', '§ 355', '§ 357', '§ 358', '§ 362', '§ 367', '§ 382', '§ 383', '§ 401', '§ 401', '§ 402', '§ 403', '§ 404', '§ 408', '§ 408', '§ 409', '§ 410', '§ 411', '§ 414', '§ 417', '§ 419', '§ 420', '§ 441', '§ 442', '§ 444', '§ 446', '§ 453', '§ 453', '§ 458', '§ 460', '§ 461', '§ 465', '§ 466', '§ 467', '§ 468', '§ 468', '§ 469', '§ 471', '§ 472', '§ 475', '§ 481', '§ 482', '§ 483', '§ 493', '§ 504', '§ 514', '§ 527', '§ 585', '§ 597', '§ 642', '§ 643', '§ 645', '§ 663', '§ 664', '§ 672', '§ 679', '§ 701', '§ 702', '§ 703', '§ 704', '§ 705', '§ 706', '§ 707', '§ 708', '§ 709', '§ 721', '§ 722', '§ 723', '§ 724', '§ 731', '§ 732', '§ 733', '§ 734', '§ 735', '§ 736', '§ 737', '§ 741', '§ 742', '§ 743', '§ 751', '§ 752', '§ 753', '§ 754', '§ 755', '§ 761', '§ 809', '§ 817', '§ 832', '§ 845', '§ 846', '§ 848', '§ 852', '§ 860', '§ 860', '§ 863', '§ 864', '§ 865', '§ 874', '§ 882', '§ 883', '§ 884', '§ 892', '§ 894', '§ 897', '§ 901', '§ 902', '§ 904', '§ 907', '§ 911', '§ 924', '§ 925', '§ 927', '§ 934', '§ 936', '§ 937', '§ 954', '§ 956', '§ 957', '§ 960', '§ 963', '§ 985', '§ 987', '§ 988', '§ 989', '§ 1017', '§ 1032', '§ 1059', '§ 1060', '§ 1092', '§ 1202', '§ 1221', '§ 1244', '§ 1248', '§ 1254', '§ 1275', '§ 1286', '§ 1291', '§ 1293', '§ 1294', '§ 1295', '§ 1296', '§ 1297', '§ 1298', '§ 1301', '§ 1361', '§ 1368', '§ 1374', '§ 1377', '§ 1378', '§ 1397', '§ 1397', '§ 1402', '§ 1441', '§ 1443', '§ 1445', '§ 1471', '§ 1472', '§ 1473', '§ 1474', '§ 1502', '§ 1503', '§ 1504', '§ 1561', '§ 3401', '§ 5000', '§ 5000', '§ 6001', '§ 6011', '§ 6015', '§ 6033', '§ 6035', '§ 6038', '§ 6038', '§ 6038', '§ 6038', '§ 6039', '§ 6041', '§ 6043', '§ 6045', '§ 6046', '§ 6049', '§ 6050', '§ 6050', '§ 5521', '§ 6050', '§ 6050', '§ 6050', '§ 6050', '§ 6060', '§ 6061', '§ 6065', '§ 6081', '§ 6103', '§ 6109', '§ 6302', '§ 6402', '§ 6411', '§ 6655', '§ 6662', '§ 6695', '§ 6851', '§ 7520', '§ 7654', '§ 7701', '§ 7702', '§ 7805', '§ 7872', '§ 7874', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1']

26 CFR 1.382-2 - General rules for ownership change. | US Law | LII / Legal Information Institute
CFR › Title 26 › Chapter I › Subchapter A › Part 1 › Section 1.382-2 26 CFR 1.382-2 - General rules for ownership change.
There are 18 Updates appearing in the Federal Register for 26 CFR Part 1. View below or at eCFR (GPOAccess)
§ 1.382-2
Certain definitions for purposes of sections 382 and 383 and the regulations thereunder.
The following definitions apply for purposes of sections 382 and 383 and the regulations thereunder.
The term loss corporation means a corporation which—
Is entitled to use a net operating loss carryforward, a capital loss carryover, a carryover of excess foreign taxes undersection 904(c), a carryforward of a general business credit under section 39, or a carryover of a minimum tax credit under section 53,
For the taxable year that includes a testing date, as defined in paragraph (a)(4) of this section or§ 1.382-2T(a)(2)(i), whichever is applicable (determined for purposes of this paragraph (a)(1) without regard to whether the corporation is a loss corporation), has a net operating loss, a net capital loss, excess foreign taxes under section 904(c), unused general business credits under section 38, or an unused minimum tax credit under section 53, or
Has a net unrealized built-in loss (determined for purposes of this paragraph (a)(1) by treating the date on which such determination is made as the change date). Seesection 382(h)(3) for the definition of net unrealized built-in loss.
See section 383 and § 1.383-1 for rules relating to a loss corporation that has an ownership change and has capital losses, excess foreign taxes, general business credits or minimum tax credits. Any predecessor or successor to a loss corporation described in this paragraph (a)(1) is also a loss corporation.
Distributor or transferor loss corporation in a transaction under section 381.
Notwithstanding that a loss corporation ceases to exist under state law, if its net operating loss carryforwards, excess foreign taxes, or other items described in section 381(c) are succeeded to and taken into account by an acquiring corporation in a transaction described in section 381(a), such loss corporation shall be treated as continuing in existence until—
Any pre-change losses (excluding pre-change credits described in§ 1.383-1(c)(3)), determined as if the date of such transaction were the change date, are fully utilized or expire under either section 172 or section 1212,
Any net unrealized built-in losses, determined as if the date of such transaction were the change date, may no longer be treated as pre-change losses, and
Any pre-change credits (described in§ 1.383-1(c)(3)), determined as if the date of such transaction were the change date, are fully utilized or expire under sections 39, 53, or 904(c).
Following a transaction described in the preceding sentence, the stock of the acquiring corporation shall be treated as the stock of the loss corporation for purposes of determining whether an ownership change occurs with respect to the pre-change losses and net unrealized built-in losses that may be treated as pre-change losses of the distributor or transferor corporation.
Separate accounting required for losses and credits of an acquiring corporation and a distributor or transferor loss corporation.
Except as provided in paragraph (a)(1)(iv) of this section, pre-change losses (determined as if the testing date were the change date and treating the amount of any net unrealized built-in loss as a pre-change loss), that are succeeded to and taken into account by an acquiring corporation in a transaction to which section 381(a) applies must be accounted for separately from losses and credits of the acquiring corporation for purposes of applying this section. See Example (2) of § 1.382-2T(e)(2)(iv) of this section.
End of separate accounting for losses and credits of distributor or transferor loss corporation.
The separate tracking of owner shifts of the stock of an acquiring corporation required by paragraph (a)(1)(iii) of this section with respect to the net operating loss carryovers and other attributes described in paragraph (a)(1)(ii) of this section ends when a fold-in event occurs. A fold-in event is either an ownership change of the distributor or transferor corporation in connection with, or after, the transaction to which section 381(a) applies, or a period of 5 consecutive years following the section 381(a) transaction during which the distributor or transferor corporation has not had an ownership change. Starting on the day after the earlier of the change date (but not earlier than the day of the section 381(a) transaction) or the last day of the 5 consecutive year period, the losses and other attributes of the distributor or transferor corporation are treated as losses and attributes of the acquiring corporation for purposes of determining whether an ownership change occurs with respect to such losses. Also, for purposes of determining the beginning of the acquiring corporation's testing period, such losses are considered to arise either in a taxable year that begins not earlier than the later of the day following the change date or the day of the section 381(a) transaction, or in a taxable year that begins 3 years before the end of the 5 consecutive year period. Pre-change losses of a distributor or transferor corporation that are subject to a limitation under section 382 continue to be subject to the limitation notwithstanding the occurrence of a fold-in event. Any ownership change that occurs in connection with, or subsequent to, the section 381 transaction may result in an additional, lesser limitation with respect to such pre-change losses. This paragraph (a)(1)(iv) applies to any testing date occurring on or after January 29, 1991.
Application to other successor corporations.
This paragraph (a)(1) also applies, as the context may require, to successor corporations other than successors in section 381(a) transactions. For example, if a corporation receives assets from the loss corporation that have basis in excess of value, the recipient corporation's basis for the assets is determined, directly or indirectly, in whole or in part, by reference to the loss corporation's basis, and the amount by which basis exceeds value is material, the recipient corporation is a successor corporation subject to this paragraph (a)(1). This paragraph (a)(1)(v) applies to any testing date occurring on or after January 1, 1997.
Pre-change loss.
The term pre-change loss means—
Any net operating loss carryforward of the old loss corporation to the taxable year ending on the change date or in which the change date occurs,
Any net operating loss of the old loss corporation for the taxable year in which the ownership change occurs to the extent such loss is allocable to the period in such year on or before the change date.
Any recognized built-in loss for any recognition period taxable year (within the meaning of 382(h)),
Any pre-change capital losses described in§ 1.383-1T(c)(2)(i) and (ii), and
Any pre-change credits described in 1.383-1T(c)(3).
Except as provided in this paragraph (a)(3)(i) and § 1.382-2T(f)(18)(ii) and (iii), the term stock means stock other than stock described in section 1504(a)(4). Notwithstanding the preceding sentence, stock that is not described in section 1504(a)(4) solely because it is entitled to vote as a result of dividend arrearages shall be treated as so described and thus shall not be considered stock. Stock described in section 1504(a)(4), however, is not excluded for purposes of determining the value of the loss corporation under section 382(e). The determination of the percentage of stock of any corporation owned by any person shall be made on the basis of the relative fair market value of the stock owned by such person to the total fair market value of the outstanding stock of the corporation. Solely for purposes of determining the percentage of stock owned by a person, each share of all the outstanding shares of stock that have the same material terms is treated as having the same value. Thus, for example, a control premium or blockage discount is disregarded in determining the percentage of stock owned by any person. The previous two sentences of this paragraph (a)(3)(i) apply to any testing date occurring on or after January 29, 1991.
Convertible stock.
The term stock includes any convertible stock. For rules regarding the treatment of certain convertible stock as an option, see § 1.382-4(d)(9)(ii).
Except as provided in paragraph (a)(4)(ii) of this section, a loss corporation is required to determine whether an ownership change has occurred immediately after any owner shift, or issuance or transfer (including an issuance or transfer described in § 1.382-4(d)(8)(i) or (ii)) of an option with respect to stock of the loss corporation that is treated as exercised under § 1.382-4(d)(2). Each date on which a loss corporation is required to make a determination of whether an ownership change has occurred is referred to as a testing date. All computations of increases in percentage ownership are to be made as of the close of the testing date and any transactions described in this paragraph (a)(4) that occur on that date are treated as occurring simultaneously at the close of the testing date. See § 1.382-2T(e)(1) for the definition of owner shift. The term option, as used in this paragraph (a)(4), includes interests that are treated as options under § 1.382-4(d)(9). For rules regarding the determination of whether dates prior to November 5, 1992, are testing dates, see § 1.382-2T(a)(2)(i).
A loss corporation is not required to determine whether an ownership change has occurred immediately after—
Any transfer of stock, or an option with respect to stock, of the loss corporation in any of the circumstances described insection 382(l)(3)(B) (death, gift, divorce, etc.); or
The transfer of an option described in§ 1.382-4(d)(11)(i) or (ii) (relating to transfers between persons who are not 5-percent shareholders or between members of certain public groups).
A successor corporation is a distributee or transferee corporation that succeeds to and takes into account items described in section 381(c) from a corporation as the result of an acquisition of assets described in section 381(a). A successor corporation also includes, as the context may require, a corporation which receives an asset or assets from another corporation if the corporation's basis for the asset(s) is determined, directly or indirectly, in whole or in part, by reference to the other corporation's basis and the amount by which basis differs from value is, in the aggregate, material. The previous sentence of this paragraph (a)(5) applies to any testing date occurring on or after January 1, 1997.
Predecessor corporation.
A predecessor corporation is a distributor or transferor corporation that distributes or transfers its assets to an acquiring corporation in a transaction described in section 381(a). A predecessor corporation also includes, as the context may require, a corporation which transfers an asset or assets to another corporation if the transferee's basis for the asset(s) is determined, directly or indirectly, in whole or in part, by reference to the corporation's basis and the amount by which basis differs from value is, in the aggregate, material. The previous sentence of this paragraph (a)(6) applies to any testing date occurring on or after January 1, 1997.
Rules provided in paragraph (a)(3)(ii) of this section
Except as provided in paragraph (b)(2)(ii) of this section, the rules provided in paragraph (a)(3)(ii) of this section apply with respect to any convertible stock.
Certain convertible preferred stock.
Convertible stock that, when issued, would be described in section 1504(a)(4) by disregarding subparagraph (D) thereof and by ignoring the potential participation in corporate growth that the conversion feature may offer is treated as stock described in that section (and thus is not treated as stock for the purpose of determining whether an ownership change occurs, but is taken into account for the purpose of determining the value of the loss corporation immediately before an ownership change; see sections 382(e)(1) and 382(k)(6)(A)) if—
The stock was issued on or after July 20, 1988, and prior to November 5, 1992; or
The stock was issued prior to July 20, 1988, and the loss corporation makes the election described in Notice 88-67, 1988-1 C.B. 555, (see§ 601.601(d)(2)(ii)(b) of this chapter for availability of Cumulative Bulletins (C.B.)) on or before the earlier of the date prescribed in the Notice or December 7, 1992.
Rules provided in paragraph (a)(4) of this section.
The rules provided in paragraph (a)(4) of this section apply to determine whether dates on or after November 5, 1992, are testing dates.
[T.D. 8352, 56 FR 29434, June 27, 1991, as amended by T.D. 8405, 57 FR 10740, Mar. 30, 1992; 57 FR 24188, June 8, 1992; T.D. 8531, 59 FR 12836, Mar. 18, 1994; T.D. 8679, 61 FR 33315, June 27, 1996; T.D. 8825, 64 FR 36177, 36178, July 2, 1999]
Title 26 published on 2015-04-01.The following are only the Rules published in the Federal Register after the published date of Title 26.For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.2015-07-08; vol. 80 # 130 - Wednesday, July 8, 201580 FR 38940 - Partnership Transactions Involving Equity Interests of a Partner; Correction
typeregulations.gov FR Doc.2015-16673 RIN1545-BM35 TD9722 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final and temporary regulations; correction. This correction is effective on July 2, 2015 and applicable beginning June 12, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final and temporary regulations (TD 9722) that were published in the Federal Register on June 12, 2015 (80 FR 33402). The final and temporary regulations prevent a corporate partner from avoiding corporate-level gain through transactions with a partnership involving equity interests of the partner.
typeregulations.gov FR Doc.2015-16674 RIN1545-BM35 TD9722 DEPARTMENT OF THE TREASURY, Internal Revenue Service Correcting amendments. This correction is effective on July 2, 2015 and applicable beginning June 12, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final and temporary regulations (TD 9722) that were published in the Federal Register on June 12, 2015 (80 FR 33402). The final and temporary regulations prevent a corporate partner from avoiding corporate-level gain through transactions with a partnership involving equity interests of the partner.
2015-06-19; vol. 80 # 118 - Friday, June 19, 201580 FR 35207 - Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014
typeregulations.gov FR Doc.2015-14945 RIN1545-BM73 TD9723 DEPARTMENT OF THE TREASURY, Internal Revenue Service Temporary regulations. Effective Date: These regulations are effective on June 19, 2015. Applicability Date: For date of applicability, see § 1.432(e)(9)-1T(j). 26 CFR Parts 1 and 602 SummaryThis document contains temporary regulations relating to multiemployer pension plans that are projected to have insufficient funds, at some point in the future, to pay the full benefits to which individuals will be entitled under the plans (referred to as plans in “critical and declining status”). The Multiemployer Pension Reform Act of 2014 (“MPRA”) amended the Internal Revenue Code to incorporate suspension of benefits provisions that permit these multiemployer plans to reduce pension benefits payable to participants and beneficiaries if certain conditions are satisfied. MPRA requires the Secretary of the Treasury, in consultation with the Pension Benefit Guaranty Corporation and the Secretary of Labor, to approve or deny applications by these plans to reduce benefits. As required by MPRA, these temporary regulations, together with proposed regulations being published at the same time, provide guidance implementing these statutory provisions. These temporary regulations affect active, retired, and deferred vested participants and beneficiaries of multiemployer plans that are in critical and declining status as well as employers contributing to, and sponsors and administrators of, those plans. The text of these temporary regulations also serves, in part, as the text of the proposed regulations (REG-102648-15) set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register .
2015-06-15; vol. 80 # 114 - Monday, June 15, 201580 FR 34051 - Notional Principal Contracts; Swaps With Nonperiodic Payments; Correction
typeregulations.gov FR Doc.2015-14622 RIN1545-BM62 TD9719 DEPARTMENT OF THE TREASURY, Internal Revenue Service Correcting amendment. This correction is effective on June 15, 2015 and applicable May 8, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final regulations (TD 9719) that were published in the Federal Register on May 8, 2015 (80 FR 26437). The final regulations amend the treatment of nonperiodic payments made or received pursuant to certain notional principal contracts.
2015-06-12; vol. 80 # 113 - Friday, June 12, 201580 FR 33402 - Partnership Transactions Involving Equity Interests of a Partner
typeregulations.gov FR Doc.2015-14405 RIN1545-BM35 TD9722 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final and temporary regulations. Effective Date: These regulations are effective on June 12, 2015. Applicability Date: For dates of applicability, see §§ 1.337(d)-3T(i) and 1.732-1T(c)(5). 26 CFR Part 1 SummaryThis document contains final and temporary regulations that prevent a corporate partner from avoiding corporate-level gain through transactions with a partnership involving equity interests of the partner. These regulations affect partnerships and their partners. The text of these temporary regulations serves as the text of proposed regulations (REG-149518-03) published in the Proposed Rules section in this issue of the Federal Register .
2015-06-05; vol. 80 # 108 - Friday, June 5, 201580 FR 31995 - Reporting for Premium; Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options; Correction
typeregulations.gov FR Doc.2015-13796 RIN1545-BL46 TD9713 DEPARTMENT OF THE TREASURY, Internal Revenue Service Temporary regulations; correcting amendments. Effective Date: These amendments are effective on June 5, 2015. Applicability Date: For the date of applicability, see § 1.6045A-1T(f), as corrected. 26 CFR Part 1 SummaryThis document contains amendments to temporary regulations relating to information reporting by brokers for transfers of debt instruments. The amendments change the applicability date of the temporary regulations for reporting certain information on a transfer statement from June 30, 2015, to January 1, 2016. The amendments to the temporary regulations will provide guidance to brokers and their customers.
typeregulations.gov FR Doc.2015-13711 RIN1545-BM17 TD9721 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final regulations and removal of temporary regulations. Effective Date: These regulations are effective on June 5, 2015. Applicability Date: For dates of applicability, see § 1.382-3(j)(17). 26 CFR Part 1 SummaryThis document contains final regulations under section 382 of the Internal Revenue Code (Code) that modify the effective date provision of recently published regulations. These regulations affect corporations whose stock is or was acquired by the Department of the Treasury (Treasury) pursuant to certain programs under the Emergency Economic Stabilization Act of 2008 (EESA).
2015-06-04; vol. 80 # 107 - Thursday, June 4, 201580 FR 31837 - Substantial Business Activities
typeregulations.gov FR Doc.2015-13541 RIN1545-BK85 TD9720 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final regulations. Effective date: These regulations are effective on June 4, 2015. Applicability date: For date of applicability, see § 1.7874-3(f). 26 CFR Part 1 SummaryThis document contains final regulations regarding when an expanded affiliated group will be considered to have substantial business activities in a foreign country. These regulations affect certain domestic corporations and partnerships (and certain parties related to them), and foreign corporations that acquire substantially all of the properties of such domestic corporations or partnerships.
2015-05-08; vol. 80 # 89 - Friday, May 8, 201580 FR 26437 - Notional Principal Contracts; Swaps With Nonperiodic Payments
typeregulations.gov FR Doc.2015-11092 RIN1545-BM62 TD9719 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final and temporary regulations. Effective Date. These regulations are effective on May 8, 2015. Applicability Date. For the dates of applicability, see §§ 1.446-3T(j)(2) and 1.956-2T(f). 26 CFR Part 1 SummaryThis document contains final and temporary regulations amending the treatment of nonperiodic payments made or received pursuant to certain notional principal contracts. These regulations provide that, subject to certain exceptions, a notional principal contract with a nonperiodic payment, regardless of whether it is significant, must be treated as two separate transactions consisting of one or more loans and an on-market, level payment swap. This document also contains temporary regulations regarding an exception from the definition of United States property. These regulations affect parties making and receiving payments under notional principal contracts, including United States shareholders of controlled foreign corporations and tax-exempt organizations. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking (REG-102656-15) on this subject in the Proposed Rules section in this issue of the Federal Register .
typeregulations.gov FR Doc.2015-10340 RIN1545-BK57 TD9708 DEPARTMENT OF THE TREASURY, Internal Revenue Service Correcting amendment. This correction is effective on May 4, 2015 and applicable beginning December 31, 2014. 26 CFR Part 1 SummaryThis document contains corrections to final regulations (TD 9708) that were published in the Federal Register on December 31, 2014 (79 FR 78954). The final regulations provide guidance regarding the requirements for charitable hospital organizations added by the Patient Protection and Affordable Care Act of 2010.
2015-04-27; vol. 80 # 80 - Monday, April 27, 201580 FR 23237 - Allocation of Controlled Group Research Credit; Correction
typeregulations.gov FR Doc.2015-09603 RIN1545-BL77 TD9717 DEPARTMENT OF THE TREASURY, Internal Revenue Service Correcting amendment. This correction is effective April 27, 2015 and applicable April 3, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final regulations (TD 9717) that were published in the Federal Register on Friday, April 3, 2015 (80 FR 18096). The final regulations are relating to the allocation of the credit for increasing research activities (research credit) to corporations and trades or businesses under common control (controlled groups).
typeregulations.gov FR Doc.2015-09604 RIN1545-BL77 TD9717 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final and temporary regulations; correction. This correction is effective April 27, 2015 and applicable April 3, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final regulations (TD 9717) that were published in the Federal Register on Friday, April 3, 2015 (80 FR 18096). The final regulations are relating to the allocation of the credit for increasing research activities (research credit) to corporations and trades or businesses under common control (controlled groups).
typeregulations.gov FR Doc.2015-09711 RIN1545-BH31 TD9715 DEPARTMENT OF THE TREASURY, Internal Revenue Service Correcting amendment. This correction is effective on April 27, 2015 and applicable April 1, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final regulations (TD 9715) that were published in the Federal Register on April 1, 2015 (80 FR 17314). The final regulations are regarding the agent for an affiliated group of corporations that files a consolidated return (consolidated group).
typeregulations.gov FR Doc.2015-09712 RIN1545-BH31 TD9715 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final regulations; correction. This correction is effective on April 27, 2015 and applicable beginning April 1, 2015. 26 CFR Parts 1 and 602 SummaryThis document contains corrections to final regulations (TD 9715) that were published in the Federal Register on April 1, 2015 (80 FR 17314). The final regulations are regarding the agent for an affiliated group of corporations that files a consolidated return (consolidated group).
2015-04-17; vol. 80 # 74 - Friday, April 17, 201580 FR 21169 - Guidelines for the Streamlined Process of Applying for Recognition of Section 501(c)(3) Status; Correction
typeregulations.gov FR Doc.2015-08856 RIN1545-BM07 TD9674 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final rule; correction. This correction is effective April 17, 2015 and applicable July 2, 2014. 26 CFR Part 1 SummaryThis document contains a correction to final and temporary regulations (TD 9674) that were published in the Federal Register on Wednesday, July 2, 2014 (79 FR 37630). The final and temporary regulations provide guidance to eligible organizations seeking recognition of tax-exempt status under section 501(c)(3) of the Internal Revenue Code.
2015-04-16; vol. 80 # 73 - Thursday, April 16, 201580 FR 20413 - Reporting for Premium; Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options; Correction
typeregulations.gov FR Doc.2015-08746 RIN1545-BL46 TD9713 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final and temporary regulations; correction. This correction is effective on April 16, 2015 and applicable beginning March 13, 2015. 26 CFR Part 1 SummaryThis document contains corrections to final and temporary regulations (TD 9713) that were published in the Federal Register on March 13, 2015 (80 FR 13233). The final regulations are relating to information reporting by brokers for bond premium and acquisition premium.
2015-04-03; vol. 80 # 64 - Friday, April 3, 201580 FR 18096 - Allocation of Controlled Group Research Credit
typeregulations.gov FR Doc.2015-07331 RIN1545-BL77 TD9717 DEPARTMENT OF THE TREASURY, Internal Revenue Service Final and temporary regulations. Effective date: These regulations are effective April 3, 2015. Applicability date: For dates of applicability, see §§ 1.41-6T(j), 1.45G-1T(g), and 1.280C-4T(c). 26 CFR Part 1 SummaryThis document contains final and temporary regulations relating to the allocation of the credit for increasing research activities (research credit) to corporations and trades or businesses under common control (controlled groups)... This document also contains final and temporary regulations relating to the allocation of the railroad track maintenance credit and the election for a reduced research credit. The text of these temporary regulations also serves as the text of the proposed regulations (REG-133489-13) published in the Proposed Rules section in this issue of the Federal Register .
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 26 - INTERNAL REVENUE CODE§ 1 - Tax imposed§ 21 - Expenses for household and dependent care services necessary for gainful employment§ 23 - Adoption expenses§ 25 - Interest on certain home mortgages§ 25A - Hope and Lifetime Learning credits§ 28§ 30 - Certain plug-in electric vehicles§ 36B - Refundable credit for coverage under a qualified health plan§ 38 - General business credit§ 40 - Alcohol, etc., used as fuel§ 41 - Credit for increasing research activities§ 42 - Low-income housing credit§ 43 - Enhanced oil recovery credit§ 45D - New markets tax credit§ 46 - Amount of credit§ 47 - Rehabilitation credit§ 52 - Special rules§ 56 - Adjustments in computing alternative minimum taxable income§ 58 - Denial of certain losses§ 61 - Gross income defined§ 62 - Adjusted gross income defined§ 66 - Treatment of community income§ 67 - 2-percent floor on miscellaneous itemized deductions§ 72 - Annuities; certain proceeds of endowment and life insurance contracts§ 101 - Certain death benefits§ 103 - Interest on State and local bonds§ 103A - Repealed.§ 108 - Income from discharge of indebtedness§ 110 - Qualified lessee construction allowances for short-term leases§ 129 - Dependent care assistance programs§ 132 - Certain fringe benefits§ 148 - Arbitrage§ 149 - Bonds must be registered to be tax exempt; other requirements§ 150 - Definitions and special rules§ 152 - Dependent defined§ 162 - Trade or business expenses§ 163 - Interest§ 165 - Losses§ 166 - Bad debts§ 168 - Accelerated cost recovery system§ 170 - Charitable, etc., contributions and gifts§ 171 - Amortizable bond premium§ 179 - Election to expense certain depreciable business assets§ 179A - Deduction for clean-fuel vehicles and certain refueling property§ 197 - Amortization of goodwill and certain other intangibles§ 199 - Income attributable to domestic production activities§ 216 - Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder§ 221 - Interest on education loans§ 263A - Capitalization and inclusion in inventory costs of certain expenses§ 267 - Losses, expenses, and interest with respect to transactions between related taxpayers§ 274 - Disallowance of certain entertainment, etc., expenses§ 280C - Certain expenses for which credits are allowable§ 280F - Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes§ 280G - Golden parachute payments§ 301 - Distributions of property§ 304 - Redemption through use of related corporations§ 305 - Distributions of stock and stock rights§ 324§ 336 - Gain or loss recognized on property distributed in complete liquidation§ 337 - Nonrecognition for property distributed to parent in complete liquidation of subsidiary§ 338 - Certain stock purchases treated as asset acquisitions§ 351 - Transfer to corporation controlled by transferor§ 355 - Distribution of stock and securities of a controlled corporation§ 357 - Assumption of liability§ 358 - Basis to distributees§ 362 - Basis to corporations§ 367 - Foreign corporations§ 382 - Limitation on net operating loss carryforwards and certain built-in losses following ownership change§ 383 - Special limitations on certain excess credits, etc.§ 401 - Qualified pension, profit-sharing, and stock bonus plans§ 401 note - Qualified pension, profit-sharing, and stock bonus plans§ 402A - Optional treatment of elective deferrals as Roth contributions§ 403 - Taxation of employee annuities§ 404 - Deduction for contributions of an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan§ 408 - Individual retirement accounts§ 408A - Roth IRAs§ 409 - Qualifications for tax credit employee stock ownership plans§ 410 - Minimum participation standards§ 411 - Minimum vesting standards§ 414 - Definitions and special rules§ 417 - Definitions and special rules for purposes of minimum survivor annuity requirements§ 419A - Qualified asset account; limitation on additions to account§ 420 - Transfers of excess pension assets to retiree health accounts§ 441 - Period for computation of taxable income§ 442 - Change of annual accounting period§ 444 - Election of taxable year other than required taxable year§ 446 - General rule for methods of accounting§ 453 - Installment method§ 453A - Special rules for nondealers§ 458 - Magazines, paperbacks, and records returned after the close of the taxable year§ 460 - Special rules for long-term contracts§ 461 - General rule for taxable year of deduction§ 465 - Deductions limited to amount at risk§ 466 - Repealed.§ 467 - Certain payments for the use of property or services§ 468A - Special rules for nuclear decommissioning costs§ 468B - Special rules for designated settlement funds§ 469 - Passive activity losses and credits limited§ 471 - General rule for inventories§ 472 - Last-in, first-out inventories§ 475 - Mark to market accounting method for dealers in securities§ 481 - Adjustments required by changes in method of accounting§ 482 - Allocation of income and deductions among taxpayers§ 483 - Interest on certain deferred payments§ 493§ 504 - Status after organization ceases to qualify for exemption under§ 514 - Unrelated debt-financed income§ 527 - Political organizations§ 585 - Reserves for losses on loans of banks§ 597 - Treatment of transactions in which Federal financial assistance provided§ 642 - Special rules for credits and deductions§ 643 - Definitions applicable to subparts A, B, C, and D§ 645 - Certain revocable trusts treated as part of estate§ 663 - Special rules applicable to§ 664 - Charitable remainder trusts§ 672 - Definitions and rules§ 679 - Foreign trusts having one or more United States beneficiaries§ 701 - Partners, not partnership, subject to tax§ 702 - Income and credits of partner§ 703 - Partnership computations§ 704 - Partner’s distributive share§ 705 - Determination of basis of partner’s interest§ 706 - Taxable years of partner and partnership§ 707 - Transactions between partner and partnership§ 708 - Continuation of partnership§ 709 - Treatment of organization and syndication fees§ 721 - Nonrecognition of gain or loss on contribution§ 722 - Basis of contributing partner’s interest§ 723 - Basis of property contributed to partnership§ 724 - Character of gain or loss on contributed unrealized receivables, inventory items, and capital loss property§ 731 - Extent of recognition of gain or loss on distribution§ 732 - Basis of distributed property other than money§ 733 - Basis of distributee partner’s interest§ 734 - Adjustment to basis of undistributed partnership property where§ 735 - Character of gain or loss on disposition of distributed property§ 736 - Payments to a retiring partner or a deceased partner’s successor in interest§ 737 - Recognition of precontribution gain in case of certain distributions to contributing partner§ 741 - Recognition and character of gain or loss on sale or exchange§ 742 - Basis of transferee partner’s interest§ 743 - Special rules where§ 751 - Unrealized receivables and inventory items§ 752 - Treatment of certain liabilities§ 753 - Partner receiving income in respect of decedent§ 754 - Manner of electing optional adjustment to basis of partnership property§ 755 - Rules for allocation of basis§ 761 - Terms defined§ 809 - Repealed.§ 817A - Special rules for modified guaranteed contracts§ 832 - Insurance company taxable income§ 845 - Certain reinsurance agreements§ 846 - Discounted unpaid losses defined§ 848 - Capitalization of certain policy acquisition expenses§ 852 - Taxation of regulated investment companies and their shareholders§ 860E - Treatment of income in excess of daily accruals on residual interests§ 860G - Other definitions and special rules§ 863 - Special rules for determining source§ 864 - Definitions and special rules§ 865 - Source rules for personal property sales§ 874 - Allowance of deductions and credits§ 882 - Tax on income of foreign corporations connected with United States business§ 883 - Exclusions from gross income§ 884 - Branch profits tax§ 892 - Income of foreign governments and of international organizations§ 894 - Income affected by treaty§ 897 - Disposition of investment in United States real property§ 901 - Taxes of foreign countries and of possessions of United States§ 902 - Deemed paid credit where domestic corporation owns 10 percent or more of voting stock of foreign corporation§ 904 - Limitation on credit§ 907 - Special rules in case of foreign oil and gas income§ 911 - Citizens or residents of the United States living abroad§ 924§ 925§ 927 - Repealed.§ 934 - Limitation on reduction in income tax liability incurred to the Virgin Islands§ 936 - Puerto Rico and possession tax credit§ 937 - Residence and source rules involving possessions§ 954 - Foreign base company income§ 956 - Investment of earnings in United States property§ 957 - Controlled foreign corporations; United States persons§ 960 - Special rules for foreign tax credit§ 963 - Repealed.§ 985 - Functional currency§ 987 - Branch transactions§ 988 - Treatment of certain foreign currency transactions§ 989 - Other definitions and special rules§ 1017 - Discharge of indebtedness§ 1032 - Exchange of stock for property§ 1059 - Corporate shareholder’s basis in stock reduced by nontaxed portion of extraordinary dividends§ 1060 - Special allocation rules for certain asset acquisitions§ 1092 - Straddles§ 1202 - Partial exclusion for gain from certain small business stock§ 1221 - Capital asset defined§ 1244 - Losses on small business stock§ 1248 - Gain from certain sales or exchanges of stock in certain foreign corporations§ 1254 - Gain from disposition of interest in oil, gas, geothermal, or other mineral properties§ 1275 - Other definitions and special rules§ 1286 - Tax treatment of stripped bonds§ 1291 - Interest on tax deferral§ 1293 - Current taxation of income from qualified electing funds§ 1294 - Election to extend time for payment of tax on undistributed earnings§ 1295 - Qualified electing fund§ 1296 - Election of mark to market for marketable stock§ 1297 - Passive foreign investment company§ 1298 - Special rules§ 1301 - Averaging of farm income§ 1361 - S corporation defined§ 1368 - Distributions§ 1374 - Tax imposed on certain built-in gains§ 1377 - Definitions and special rule§ 1378 - Taxable year of S corporation§ 1397D - Qualified zone property defined§ 1397E - Credit to holders of qualified zone academy bonds§ 1402 - Definitions§ 1441 - Withholding of tax on nonresident aliens§ 1443 - Foreign tax-exempt organizations§ 1445 - Withholding of tax on dispositions of United States real property interests§ 1471 - Withholdable payments to foreign financial institutions§ 1472 - Withholdable payments to other foreign entities§ 1473 - Definitions§ 1474 - Special rules§ 1502 - Regulations§ 1503 - Computation and payment of tax§ 1504 - Definitions§ 1561 - Limitations on certain multiple tax benefits in the case of certain controlled corporations§ 3401 - Definitions§ 5000 - Certain group health plans§ 5000A - Requirement to maintain minimum essential coverage§ 6001 - Notice or regulations requiring records, statements, and special returns§ 6011 - General requirement of return, statement, or list§ 6015 - Relief from joint and several liability on joint return§ 6033 - Returns by exempt organizations§ 6035 - Repealed.§ 6038 - Information reporting with respect to certain foreign corporations and partnerships§ 6038A - Information with respect to certain foreign-owned corporations§ 6038B - Notice of certain transfers to foreign persons§ 6038D - Information with respect to foreign financial assets§ 6039I - Returns and records with respect to employer-owned life insurance contracts§ 6041 - Information at source§ 6043 - Liquidating, etc., transactions§ 6045 - Returns of brokers§ 6046A - Returns as to interests in foreign partnerships§ 6049 - Returns regarding payments of interest§ 6050E - State and local income tax refunds§ 6050H - Returns relating to mortgage interest received in trade or business from individuals26 U.S. Code § 5521 to 5523 - Repealed.§ 6050K - Returns relating to exchanges of certain partnership interests§ 6050M - Returns relating to persons receiving contracts from Federal executive agencies§ 6050P - Returns relating to the cancellation of indebtedness by certain entities§ 6050S - Returns relating to higher education tuition and related expenses§ 6060 - Information returns of tax return preparers§ 6061 - Signing of returns and other documents§ 6065 - Verification of returns§ 6081 - Extension of time for filing returns§ 6103 - Confidentiality and disclosure of returns and return information§ 6109 - Identifying numbers§ 6302 - Mode or time of collection§ 6402 - Authority to make credits or refunds§ 6411 - Tentative carryback and refund adjustments§ 6655 - Failure by corporation to pay estimated income tax§ 6662 - Imposition of accuracy-related penalty on underpayments§ 6695 - Other assessable penalties with respect to the preparation of tax returns for other persons§ 6851 - Termination assessments of income tax§ 7520 - Valuation tables§ 7654 - Coordination of United States and certain possession individual income taxes§ 7701 - Definitions§ 7702 - Life insurance contract defined§ 7805 - Rules and regulations§ 7872 - Treatment of loans with below-market interest rates§ 7874 - Rules relating to expatriated entities and their foreign parents
Presidential DocumentsReorganization ... 1978 Plan No. 4 Title 26 published on 2015-04-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 26 CFR Part 1 after this date.2015-07-23; vol. 80 # 141 - Thursday, July 23, 201580 FR 43652 - Disguised Payments for Services
2015-07-17; vol. 80 # 137 - Friday, July 17, 201580 FR 42439 - Property Transferred in Connection With the Performance of Services
typeregulations.gov FR Doc.2015-17530 RIN1545-BM63 REG-135524-14 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking. Comments must be received by October 15, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations relating to property transferred in connection with the performance of services. These proposed regulations affect certain taxpayers who receive property transferred in connection with the performance of services and make an election to include the value of substantially nonvested property in income in the year of transfer.
2015-07-08; vol. 80 # 130 - Wednesday, July 8, 201580 FR 38940 - Partnership Transactions Involving Equity Interests of a Partner; Correction
2015-06-24; vol. 80 # 121 - Wednesday, June 24, 201580 FR 36301 - Issue Price Definition for Tax-Exempt Bonds
typeregulations.gov FR Doc.2015-15411 RIN1545-BM46 REG-138526-14 DEPARTMENT OF THE TREASURY, Internal Revenue Service Partial withdrawal of notice of proposed rulemaking, notice of proposed rulemaking, and notice of public hearing. Written or electronic comments must be received by September 22, 2015. Requests to speak and outlines of topics to be discussed at the public hearing scheduled for October 28, 2015, at 10:00 a.m., must be received by September 22, 2015. 26 CFR Part 1 SummaryThis document partially withdraws the portion of the notice of proposed rulemaking published in the Federal Register on September 16, 2013 (78 FR 56842), relating to the definition of issue price for purposes of the arbitrage restrictions under section 148 of the Internal Revenue Code (Code). This document also contains a notice of proposed rulemaking that provides a revised definition of issue price for purposes of the arbitrage restrictions. In addition, this document provides notice of a public hearing on the proposed regulations in this document. The proposed regulations in this document affect issuers of tax-exempt and other tax-advantaged bonds.
typeregulations.gov FR Doc.2015-14948 RIN1545-BM66 REG-102648-15 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking, notice of proposed rulemaking by cross-reference to temporary regulations, and notice of public hearing. Comments must be received by August 18, 2015. Outlines of topics to be discussed at the public hearing scheduled for September 10, 2015 must be received by August 18, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations relating to multiemployer pension plans that are projected to have insufficient funds, at some point in the future, to pay the full benefits to which individuals will be entitled under the plans (referred to as plans in “critical and declining status”). The Multiemployer Pension Reform Act of 2014 (“MPRA”) amended the Internal Revenue Code to incorporate suspension of benefits provisions that permit these multiemployer plans to reduce pension benefits payable to participants and beneficiaries if certain conditions are satisfied. MPRA requires the Secretary of the Treasury, in consultation with the Pension Benefit Guaranty Corporation and the Secretary of Labor, to approve or deny applications by these plans to reduce benefits. As required by MPRA, these proposed regulations, together with temporary regulations being published at the same time, provide guidance implementing these statutory provisions. These proposed regulations would affect active, retired, and deferred vested participants and beneficiaries of multiemployer plans that are in critical and declining status as well as employers contributing to, and sponsors and administrators of, those plans.
2015-06-18; vol. 80 # 117 - Thursday, June 18, 201580 FR 34856 - Qualifying Income From Activities of Publicly Traded Partnerships With Respect to Minerals or Natural Resources; Correction
typeregulations.gov FR Doc.2015-14467 RIN1545-BM43 REG-132634-14 DEPARTMENT OF THE TREASURY, Internal Revenue Service Proposed rule; Correction. Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 25970, May 6, 2015 are still being accepted and must be received by August 4, 2015. 26 CFR Part 1 SummaryThis document contains corrections to a notice of proposed rulemaking (REG-132634-14) that was published in the Federal Register on Wednesday, May 6, 2015 (80 FR 25970). The proposed rules provide guidance on qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources.
typeregulations.gov FR Doc.2015-14623 RIN1545-BM20 REG-136018-13 DEPARTMENT OF THE TREASURY, Internal Revenue Service Cancellation of a notice of public hearing on proposed rulemaking. The public hearing originally scheduled for June 24, 2015 at 10 a.m. is cancelled. 26 CFR Part 1 SummaryThis document cancels a public hearing on proposed regulations that provide the method to be used to adjust the applicable Federal rates (AFRs) under section 1288 of the Internal Revenue Code (adjusted AFRs) for tax-exempt obligations and the method to be used to determine the long-term tax-exempt and the adjusted Federal long-term rate under section 382.
typeregulations.gov FR Doc.2015-14403 RIN1545-BM34 REG-149518-03 DEPARTMENT OF THE TREASURY, Internal Revenue Service Withdrawal of notice of proposed rulemaking and notice of proposed rulemaking by cross-reference to temporary regulations. Comments and requests for a public hearing must be received by September 10, 2015. 26 CFR Part 1 SummaryIn the Rules and Regulations section of this issue of the Federal Register, the IRS and the Treasury Department are issuing temporary regulations that prevent a corporate partner from using a partnership to avoid corporate level gain required to be recognized. These regulations affect partnerships and their partners. The text of the temporary regulations in this issue of the Federal Register also serves as the text of these proposed regulations.
typeregulations.gov FR Doc.2015-14404 RIN1545-BM48 REG-138759-14 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking. Comments and requests for a public hearing must be received by September 10, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations that would allow consolidated group members that are partners in the same partnership to aggregate their bases in stock distributed by the partnership for the purpose of limiting the application of rules that might otherwise cause basis reduction or gain recognition. The proposed regulations would also require certain corporations that engage in gain elimination transactions to reduce the basis of corporate assets or to recognize gain. The proposed regulations affect partnerships and their partners.
2015-05-20; vol. 80 # 97 - Wednesday, May 20, 201580 FR 28872 - Guidance Regarding the Treatment of Transactions in Which Federal Financial Assistance Is Provided
typeregulations.gov FR Doc.2015-12230 RIN1545-BJ08 REG-140991-09 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking. Written or electronic comments and requests for a public hearing must be received by August 18, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations under section 597 of the Internal Revenue Code (the “Code”). The proposed regulations, which will apply to banks and domestic building and loan associations (and related parties) that receive Federal financial assistance (“FFA”), will modify and clarify the treatment of transactions in which FFA is provided to such institutions. This document also invites comments from the public and requests for a public hearing regarding these proposed regulations.
2015-05-11; vol. 80 # 90 - Monday, May 11, 201580 FR 26873 - Application of Modified Carryover Basis to General Basis Rules
typeregulations.gov FR Doc.2015-11210 RIN1545-BK09 REG-107595-11 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking. Written or electronic comments and requests for a public hearing must be received by August 10, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations that provide guidance regarding the application of the modified carryover basis rules of section 1022 of the Internal Revenue Code (Code). Specifically, the proposed regulations will modify provisions of the Treasury Regulations involving basis rules by including a reference to section 1022 where appropriate. The regulations will affect property transferred from certain decedents who died in 2010. The regulations reflect changes to the law made by the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
typeregulations.gov FR Doc.2015-11093 RIN1545-BM61 REG-107548-11 REG-102656-15 DEPARTMENT OF THE TREASURY, Internal Revenue Service Withdrawal of notice of proposed rulemaking; notice of proposed rulemaking by cross-reference to temporary regulations. Comments and requests for a public hearing must be received by August 6, 2015. 26 CFR Part 1 SummaryIn the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing final and temporary regulations that amend the treatment of nonperiodic payments made or received pursuant to certain notional principal contracts. These regulations provide that, subject to certain exceptions, a notional principal contract with a nonperiodic payment, regardless of whether it is significant, must be treated as two separate transactions consisting of one or more loans and an on-market, level payment swap. The regulations provide an exception from the definition of United States property. These regulations affect parties making and receiving payments under notional principal contracts, including United States shareholders of controlled foreign corporations and tax-exempt organizations. The text of the temporary regulations also serves as the text of these proposed regulations. This document withdraws the notice of proposed rulemaking (REG-107548-11; RIN 1545-BK10) published in the Federal Register on May 11, 2012 (77 FR 27669).
2015-05-06; vol. 80 # 87 - Wednesday, May 6, 201580 FR 25970 - Qualifying Income From Activities of Publicly Traded Partnerships With Respect to Minerals or Natural Resources
typeregulations.gov FR Doc.2015-10592 RIN1545-BM43 REG-132634-14 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking. Comments and requests for a public hearing must be received by August 4, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations under section 7704(d)(1)(E) of the Internal Revenue Code (Code) relating to qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources. The proposed regulations affect publicly traded partnerships and their partners.
typeregulations.gov FR Doc.2015-09605 RIN1545-BL76 REG-133489-13 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking by cross-reference to temporary and notice of public hearing; correction. This correction is effective April 27, 2015 and applicable April 3, 2015. 26 CFR Part 1 SummaryThis document contains corrections to notice of proposed rulemaking by cross-reference to temporary and notice of public hearing (REG-133489-13) that were published in the Federal Register on Friday, April 3, 2015 (80 FR 18171). The notice of proposed rulemaking by cross-reference to temporary and notice of public hearing are relating to the allocation of the credit for increasing research activities (research credit) to corporations and trades or businesses under common control (controlled groups).
2015-04-24; vol. 80 # 79 - Friday, April 24, 201580 FR 22954 - Exception From Passive Income for Certain Foreign Insurance Companies
typeregulations.gov FR Doc.2015-09630 RIN1545-BM69 REG-108214-15 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking. Written or electronic comments and requests for a public hearing must be received by July 23, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations that provide guidance regarding when a foreign insurance company&apos;s income is excluded from the definition of passive income under section 1297(b)(2)(B). The proposed regulations affect the U.S. shareholders of foreign corporations. This document also invites comments from the public on all aspects of the proposed rules and provides the opportunity for the public to request a public hearing.
typeregulations.gov FR Doc.2015-08745 RIN1545-BM59 REG-143040-14 DEPARTMENT OF THE TREASURY, Internal Revenue Service Correction to a notice of proposed rulemaking by cross- reference to temporary regulations. Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking by cross-reference to temporary regulations published at 80 FR 13292, March 13, 2015, are still being accepted and must be received by June 11, 2015. 26 CFR Part 1 SummaryThis document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-143040-14) that was published in the Federal Register on Friday, March 13, 2015 (80 FR 13292). The IRS is issuing temporary regulations relating to information reporting by brokers for transactions involving debt instruments and options.
typeregulations.gov FR Doc.2015-07380 RIN1545-BL76 REG-133489-13 DEPARTMENT OF THE TREASURY, Internal Revenue Service Notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing. Comments and requests for a public hearing must be received by July 2, 2015. 26 CFR Part 1 SummaryThis document contains proposed regulations relating to the allocation of the group credit. The proposed regulations will affect certain taxpayers claiming the credit. In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations providing guidance relating to the allocation of the credit for increasing research activities (research credit) to corporations and trades or businesses under common control (controlled groups). The temporary regulations also contain rules relating to the allocation of the railroad track maintenance credit (RTMC) and the election for a reduced research credit. The text of the temporary regulations also serves as the text of these proposed regulations.