1545-BO87 202004 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Effect of Section 67(g) on Trusts and Estates

These regulations will provide clarification of the effect of section 67(g) of the Internal Revenue Code (Code), enacted on December 22, 2017, by an "Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018," Pub. L. 115-97 (Act), on the deductibility of certain expenses described in sections 67(b) and (e), sections 642(h)(2) and 1.67-4, and section 1.642(h)-2(a) of the Income Tax Regulations that are incurred by estates and grantor trusts.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No Regulatory 26 CFR 1.67-4 26 CFR 1.642(h)-2 26 U.S.C. 67 26 U.S.C. 642 No NPRM 06/00/2020 REG-113295-18 (NPRM) Drafting attorney: Margaret Burow (202) 317-5279 Reviewer attorney: Caroline Hay (202) 317-5051 Treasury attorney: Cathy Hughes (202) 622-9407 CC:PSI No No None No No No No Margaret Burow General Attorney 1545 Internal Revenue Service IRS 202 317-6683 855 591-7865 margaret.burow@irscounsel.treas.gov 1111 Constitution Avenue NW., Room 5002, Washington DC 20224