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TREAS/IRS RIN: 1545-BJ00 Publication ID: Fall 2010 
Title: Application of Section 108(i) to Partnerships and S Corporations 
Abstract: Section 108(i), added by section 1231 of the American Recovery and Reinvestment Tax Act of 2009, allows a taxpayer to elect irrevocably to defer COD income arising from reacquiring an applicable debt instrument after December 31, 2008, and before January 1, 2011. These regulations provide rules for partnerships and S Corporations that make an election under section 108(i). 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 7805    26 USC 108    PL 111-5, sec 1231   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Temporary Final Action Completed by TD 9498  08/13/2010  75 FR 49380   
Additional Information: REG-144762-09 Drafting attorneys: Megan A. Stoner (202) 622-3070 Joseph R. Worst (202) 622-3070 Reviewing attorney: Mary Beth Carchia (202) 622-3070 Treasury attorney: Robert Crnkovich (202) 622-0843 CC: PSI
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-BI99 
Agency Contact:
Megan A. Stoner
General Attorney (Tax)
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5315,
Washington, DC 20224
Phone:202 622-3070
Fax:202 622-4804
Email: megan.a.stoner@irscounsel.treas.gov

Joseph R. Worst
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5026,
Washington, DC 20224
Phone:202 317-5279
Fax:202 317-6730
Email: joseph.r.worst@irscounsel.treas.gov