1545-BR37 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Accounting for Disregarded Transactions Between a Qualified Business Unit and Its Owner

This regulatory action proposes rules regarding transfers between a section 987 qualified business unit and its owner and the determination of net unrecognized section 987 gain or loss.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage No No Deregulatory 26 CFR 1.987-2 26 CFR 1.987-4 26 U.S.C. 987 26 U.S.C. 988 26 U.S.C. 7805 26 U.S.C. 989 No NPRM 12/11/2024 89 FR 99782 NPRM Comment Period End 03/11/2025 Final Action 05/00/2026 REG-117213-24 (NPRM) Drafter attorney: Adam Province (615) 250-5237 Drafter reviewer: Rafi Cohen (202) 317-3756 Treasury attorneys: Paul Crispino (202) 622-2754 and Erika Nijenhuis (202) 622-0843 INTL No None No No No 1545-BO07 Related to Adam Province Attorney 1545 Internal Revenue Service IRS 865 329-4546 adam.g.province@irscounsel.treas.gov 1111 Constitution Avenue, NW , Room 4579, Washington DC 20224