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TREAS/IRS RIN: 1545-BL12 Publication ID: Spring 2014 
Title: Deferral of Section 987 Gain or Loss (Temporary) 
Abstract: This temporary guidance will be released in conjunction with final and proposed regulations under section 987. This guidance will defer section 987 gain or loss arising from the transfer of assets between members of a controlled group. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.987-5 (revised)    26 CFR 1.987-5T (new)    26 CFR 1.987-12 (revised)    26 CFR 1.987-12T (new)   
Legal Authority: 26 USC 7805    26 USC 0987    26 USC 0989(c)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  06/00/2014 
Additional Information: REG-128276-12 Drafting attorney: Anthony J. Marra (202) 622-3870 Reviewing attorney: Steven D. Jenson (202) 622-3870 Treasury attorney: Brian Jenn (202) 622-5967 CC:INTL
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 
Related RINs: Related to 1545-AM12, Related to 1545-BL11 
Agency Contact:
Anthony J. Marra
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6938
Email: anthony.j.marra@irscounsel.treas.gov

Steven D. Jensen
Senior Counsel
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6938