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TREAS/IRS RIN: 1545-BR76 Publication ID: 2026 
Title: ●Guidance Related to Taxable Years of Specified Foreign Corporations after Repeal of Section 898(c)(2) 
Abstract:

Regulations under §898(c), as amended by section 70352 of the OBBBA, regarding taxable years of specified foreign corporations and the allocation of foreign taxes between a specified foreign corporation's first taxable year and its succeeding taxable year when that specified foreign corporation is required to change its taxable year due to the repeal of §898(c)(2). 

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Regulatory 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Pub. L. 119-21, sec. 70352    26 U.S.C 7805(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/00/2026 
Additional Information: REG--115145-25 (NPRM) Drafter attorney: Hayley Rassuchine (202) 317-5262 Reviewing attorney: Tianlin (Laura) Shi (202) 317-6987 Treasury attorneys: Deborah Tarwasokono (202) 557-0817 and Isaac Wood (202) 622-1011 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Hayley Ann Rassuchine
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4579,
Washington, DC 20224
Phone:202 317-5282
Fax:855 584-5147
Email: hayley.rassuchine2@irscounsel.treas.gov