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TREAS/IRS RIN: 1545-BO87 Publication ID: Spring 2020 
Title: Effect of Section 67(g) on Trusts and Estates 
Abstract:

These regulations will provide clarification of the effect of section 67(g) of the Internal Revenue Code (Code), enacted on December 22, 2017, by an "Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018," Pub. L. 115-97 (Act), on the deductibility of certain expenses described in sections 67(b) and (e), sections 642(h)(2) and 1.67-4, and section 1.642(h)-2(a) of the Income Tax Regulations that are incurred by estates and grantor trusts.

 
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: Regulatory 
CFR Citation: 26 CFR 1.67-4    26 CFR 1.642(h)-2   
Legal Authority: 26 U.S.C. 67    26 U.S.C. 642   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2020 
Additional Information: REG-113295-18 (NPRM) Drafting attorney: Margaret Burow (202) 317-5279 Reviewer attorney: Caroline Hay (202) 317-5051 Treasury attorney: Cathy Hughes (202) 622-9407 CC:PSI
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Margaret Burow
General Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5002,
Washington, DC 20224
Phone:202 317-6683
Fax:855 591-7865
Email: margaret.burow@irscounsel.treas.gov