View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
TREAS/IRS | RIN: 1545-BP58 | Publication ID: Fall 2023 |
Title: Subchapter S Statutory Changes and Calculations | |
Abstract:
The proposed regulations would revise existing regulations under subchapter S to provide certainty regarding several issues, including (i) the treatment of electing small business trusts (ESBTs), foreign estates, and mortgage pools under subchapter S, as well as (ii) the calculation of a shareholder’s basis and the allocation of accumulated adjustments account (AAA). These regulations also will update the existing regulations under subchapter S to reflect statutory changes. |
|
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 |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 1361 et seq. |
Legal Deadline:
None |
||||||
Timetable:
|
Additional Information: REG-125206-19 (NPRM) Drafter attorney: Kevin Babitz (202) 317-5046 Reviewer attorney: Richard T. Probst (202) 317-5044 Treasury attorney: Cathy Hughes (202) 622-9407 and Colin Campbell (202) 622-2721 CC:PSI | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Kevin I. Babitz General Attorney (Tax) Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5107, Washington, DC 20224 Phone:202 317-5279 Fax:202 317-6730 Email: kevin.i.babitz@irscounsel.treas.gov |