View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
TREAS/IRS RIN: 1545-BM30 Publication ID: Fall 2014 
Title: ●Trade Discounts Received by Merchants 
Abstract:

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.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 1.471-3   
Legal Authority: 26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2015 
Additional Information: 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
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Leo F. Nolan II
General Attorney (Tax)
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-7007
Fax:202 317-4654
Email: leo.f.nolan@irscounsel.treas.gov