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TREAS/IRS

RIN: 1545-BM76

Publication ID: Fall 2016

Title: Treatment of Deferred Revenue in Taxable Asset Sales
Abstract: This document contains proposed regulations under section 461(h) of the Internal Revenue Code that address the treatment of liabilities related to deferred revenue which are assumed by a buyer in a taxable asset sale.
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 1.461-4
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 461(h)(2)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Supplemental NPRM	09/01/2015	80 FR 52678
Supplemental NPRM Comment Period End	11/02/2015
Final Action	12/00/2016

Additional Information: REG-115420-15 Drafting attorney: Jason Kristall (202) 317-4874 Reviewing attorney: Jeffrey Rodrick (202) 317-4732 Treasury attorney: CC:ITA
Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Jason Kristall Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:855 576-2339 Email: jason.d.kristall@irscounsel.treas.gov