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TREAS/IRS RIN: 1545-BH86 Publication ID: Fall 2008 
Title: ●Attribute Reduction Following Reorganizations 
Abstract: The proposed regulations contain guidance concerning the treatment of attributes in reorganizations under section 368(a)(1) where a target corporation terminates its existence, is able to make a distribution on only one class of its stock, and the acquiring corporation succeeds to the target corporation’s attributes under section 381 while the shareholder whose stock is eliminated for no consideration claims a loss. The proposed regulations provide that, to the extent such loss is duplicated in the attributes of the target corporation following its termination, the target corporation’s attributes are reduced under the principles of Treasury regulations section 1.1502-3(d). 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2008    
Additional Information: REG-116446-08 Drafting attorney: Bruce A. Decker (202) 622-8039 Reviewing attorney: Lisa A. Fuller (202) 622-7750 Treasury attorney: Marc Countryman (202) 622-9858 CC: CORP
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:
Bruce A. Decker
Senior Technician Reviewer
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue, NW, Room 5038,
Washington, DC 20224
Phone:202 622-7930
Fax:202 622-6298
Email: bruce.a.decker@irscounsel.treas.gov