1545-BM30 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Trade Discounts Received by Merchants

This NPRM contains proposed regulations that restate and clarify the rules for allocating trade discounts among purchases, ending inventory, and cost of goods sold because in recent years, much confusion and controversy have arisen regarding the proper treatment of various types of trade discounts that vendors pay to retail merchants.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Long-Term Actions Undetermined Undetermined 26 CFR 1.471-3 26 USC 7805 No NPRM 12/00/2015 REG-121118-14 Drafting attorney: Leo Nolan 202-317-7007 Reviewing attorney: Roy A Hirschhorn 202-317-7007 Treasury attorney: Alexa M. Claybon 202-622-6865 CC: ITA Undetermined Undetermined Undetermined No No Leo Nolan II F. General Attorney (Tax) 1545 Internal Revenue Service IRS 202 317-7007 202 317-4654 leo.f.nolan@irscounsel.treas.gov 1111 Constitution Avenue NW., Washington DC 20224