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TREAS/IRS RIN: 1545-BI18 Publication ID: Fall 2008 
Title: ●Transactions Involving the Transfer of No Net Value 
Abstract: The proposed regulations will be a reproposal of part of NPRM REG-163314-03 that was issued on March 10, 2005 at 70 FR 11903. The new proposed regulations will provide guidance on corporate formations, reorganizations, and liquidations of insolvent corporations. The new proposed regulations will provide rules requiring the exchange (or, in the case of section 332, a distribution) of net value for the nonrecognition rules of subchapter C to apply in a manner that is more feasible to comply with and to enforce than the original proposal. 
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: 26 CFR 1   
Legal Authority: 26 USC 351    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2008    
Additional Information: REG-163314-03 Drafting attorney: Jean R. Brenner (202) 622-4732 Reviewing attorney: Virginia S. Voorhees (202) 622-3003 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 
Related RINs: Related to 1545-BC88 
Agency Contact:
Jean R. Broderick
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5431,
Washington, DC 20224
Phone:202 317-6848
Email: jean.r.broderick@irscounsel.treas.gov