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TREAS/IRS RIN: 1545-AQ42 Publication ID: Fall 1995 
Title: Treatment of Premiums on Stock Callable at the Option of the Issuer 
Abstract: In section 11322(a) of Pub. L. 101-508, Congress amended section 305(c) of the Code to modify the treatment of preferred stock issued with a redemption premium. The amendment to section 305(c) applies the economic accrual rules that are applicable to debt instruments issued with OID to certain preferred stock issued with a redemption premium if the stock will be redeemed, or it can reasonably be assumed that the stock will be redeemed, on a fixed date. The regulations under 305(c) will be amended to provide for the economic accrual, rather than the ratable inclusion, of redemption premiums, in accordance of OID principles. 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
CFR Citation: 26 CFR 1.305-5(b)(1)    26 CFR 1.305-5(b)(2)   
Legal Authority: 26 USC 305(c)(1)   
Timetable:
Action Date FR Cite
NPRM  06/22/1994  59 FR 22160   
NPRM Comment Period End  10/24/1994  59 FR 22160   
Final Action  10/00/1995    
Additional Information: CO-008-91. ^PDrafting attorney: Kirsten L. Simpson (202) 622-7790. ^PReviewing attorney: William Alexander (202) 622-7780. ^PTreasury attorney: Clarissa Potter (202) 622-0999. ^PRFA: N
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Included in the Regulatory Plan: No 
Agency Contact:
Kirsten L. Simpson
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 622-7550