1545-BM95 201610 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Transfers of Property to Partnerships With Related Foreign Partners

The proposed regulations will implement Notice 2015-54, which requires partners contributing appreciated property to partnerships with related foreign partners to comply with certain requirements in order to not recognize gain on the contribution under section 721(a).

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No 26 CFR 1 26 U.S.C. 721(c) 26 U.S.C. 7805 No NPRM 12/00/2016 REG-127203-15 Drafting Attorney: Ryan Bowen (202) 317-6937 Reviewing Attorney: Jason T. Smyczek (202) 317-6937 Treasury Attorney: Brenda Zent (202) 622-6894 and Elena Virgadamo (202) 622-2008 CC:INTL No None No No No Ryan Bowen Attorney-Advisor 1545 Internal Revenue Service IRS 202 317-6937 202 317-4922 ryan.bowen@irscounsel.treas.gov 1111 Constitution Avenue NW., Washington DC 20224