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TREAS/IRS | RIN: 1545-BJ14 | Publication ID: Fall 2015 |
Title: Guidance Under Section 108(a) Concerning the Exclusion of Section 61(a)(12) Discharge of Indebtedness Income of a Grantor Trust or a Disregarded Entity | |
Abstract:
These regulations state, for purposes of applying the bankruptcy and insolvency exclusions to the cancellation of indebtedness income of a disregarded entity or a grantor trust, that the relevant taxpayer is the owner of the disregarded entity or grantor trust. |
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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 | |
Legal Authority: 26 U.S.C. 108 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-154159-09 Drafting attorney: Frank Fisher and Amy Chang (202) 317-6850 Reviewing attorney: David R. Haglund (202) 317-6850 Treasury attorney: Ben Willis (202) 622-2198 CC:PSI | |
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-BJ18 | |
Agency Contact: Amy Chang Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-6850 Email: amy.chang@irscounsel.treas.gov Frank J. Fisher Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5007, Washington, DC 20224 Phone:202 317-6850 Fax:855 591-7864 Email: frank.j.fisher@irscounsel.treas.gov |