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TREAS/IRS

RIN: 1545-BM30

Publication ID: Spring 2019

Title: Trade Discounts Received by Merchants
Abstract: This NPRM contains proposed regulations that restate and clarify the rules for allocating trade discounts among purchases, ending inventory, and cost of goods sold because in recent years, much confusion and controversy have arisen regarding the proper treatment of various types of trade discounts that vendors pay to retail merchants.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
EO 13771 Designation: Other
CFR Citation: 26 CFR 1.471-3
Legal Authority: 26 U.S.C. 7805

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/00/2020

Additional Information: REG-121118-14 Drafter attorney: Andrew S. Braden (202) 317-7007 Reviewer attorney: Roy A Hirschhorn (202) 317-7007 Treasury attorney: N/A CC:ITA
Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Andrew S. Braden Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-7007 Fax:855 576-2340 Email: andrew.s.braden@irscounsel.treas.gov