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TREAS/IRS RIN: 1545-BL51 Publication ID: Spring 2024 
Title: Section 267--Transactions Between Related Persons and Partnerships 
Abstract:

Update rules for the application of section 267 to partnership transactions. Specifically, questions exist as to the continued applicability of the current regulations under section 1.267(b)-1(b) and question 2 and 3 of section 1.267(a)-2(T)(c) due to statutory changes to sections 267 and 707(b). The regulations will address whether the rules in the aforementioned section 267 regulations relating to partnerships have been superseded by statute.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.267(a)-1    26 CFR 1.267(b)-1    26 CFR 1.707-1    26 CFR 1.707-9   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 267   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/27/2023  88 FR 82792   
NPRM Comment Period End  02/26/2024 
Final Action  07/00/2025 
Additional Information: REG-131756-11 (NPRM) Drafter attorney: Livia Piccolo (202) 317-7007 Reviewer attorney: Roy Hirschhorn (202) 317-7007 Treasury attorney: Sarah Harodon (202) 527-2032 and Roger F. Pillow (202) 744-5114 CC:ITA
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.federalregister.gov/documents/2023/11/27/2023-25715/transactions-between-related-persons-and-partnerships   Public Comment URL: https://www.regulations.gov/document/IRS-2023-0057-  
RIN Data Printed in the FR: No 
Agency Contact:
Livia M. Piccolo
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW,
Washington, DC 20224
Phone:202 317-7007
Fax:855 576-2340
Email: livia.m.piccolo@irscounsel.treas.gov