1545-BO67 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Rules for Denial of Deduction for Certain Fines, Penalties, and Other Amounts

Technical corrections revising 1.162-21 regarding deductibility of certain fines, penalties, and other amounts under 162(f), as revised by the Tax Cuts and Jobs Act of 2017.  Technical corrections revising 1.6050X regarding information reporting by governments, governmental entities, and certain self-regulating non-governmental entities with respect to certain fines, penalties, and other amounts under 6050X, as added by the Tax Cuts and Jobs Act of 2017.

]]> Economically Significant Previously Published in The Unified Agenda Final Rule Stage Yes No 26 CFR 1.162-21 26 CFR 1.6050X-1 26 U.S.C. 7805 26 U.S.C. 162(f) 26 U.S.C. 6050X No NPRM 05/13/2020 85 FR 28524 NPRM; Correction 06/11/2020 85 FR 35606 NPRM Comment Period End 07/13/2020 Final Regulations Effective 01/14/2021 Final Regulations (TD 9946) 01/19/2021 86 FR 4970 Final Regulation: Correction 12/00/2023 REG-104591-18 Drafter attorney: Sharon Horn (202) 317-4426 Reviewer attorney: Norma C. Rotunno (202) 317-4886 Treasury attorney: Natasha Goldvug (202) 622-0180 CC:ITA No Governmental Jurisdictions Federal State No No No No Sharon Horn Y. Attorney 1545 Internal Revenue Service IRS 202 317-4426 1111 Constitution Avenue NW., Washington DC 20224