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TREAS/IRS RIN: 1545-BJ30 Publication ID: Spring 2011 
Title: Modifications of Debt Instruments 
Abstract: The proposed regulations relate to the modification of debt instruments. The regulations clarify the extent to which the deterioration in the financial condition of the issuer is taken into account to determine whether a modified debt instrument will be recharacterized as an instrument or property right that is not debt. The regulations provide needed guidance to issuers and holders of debt instruments. 
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 1001    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/04/2010  75 FR 31736   
NPRM Comment Period End  08/03/2010    
Outlines of Topics Due  08/11/2010    
Public Hearing  09/08/2010    
Final Action Completed by TD 9513  01/07/2011  76 FR 1063   
Additional Information: REG-106750-10 Drafting attorney: Diana A. Imholtz (202) 622-6934 Reviewing attorney: William E. Blanchard (202) 622-3950 Treasury attorney: Karl Walli (202) 622-5721 CC: FIP
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 
Agency Contact:
Diana Imholtz
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 3527,
Washington, DC 20224
Phone:202 622-6934
Fax:202 622-6940
Email: diana.imholtz@irscounsel.treas.gov