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TREAS/IRS

RIN: 1545-BM30

Publication ID: Spring 2015

Title: Trade Discounts Received by Merchants
Abstract: This NPRM contains proposed regulations that restate and clarify the rules for allocating trade discounts among purchases, ending inventory, and cost of goods sold because in recent years, much confusion and controversy have arisen regarding the proper treatment of various types of trade discounts that vendors pay to retail merchants.
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: Undetermined	Unfunded Mandates: Undetermined
CFR Citation: 26 CFR 1.471-3
Legal Authority: 26 U.S.C. 7805

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	12/00/2015

Additional Information: REG-121118-14 Drafting attorney: Leo Nolan (202) 317-7007 Reviewing attorney: Roy A Hirschhorn (202) 317-7007 CC: ITA
Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Federalism: Undetermined
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Leo F. Nolan II General Attorney (Tax) Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-7007 Fax:202 317-4654 Email: leo.f.nolan@irscounsel.treas.gov