1545-BS16 202510 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Foreign Currency Gain or Loss of Controlled Foreign Corporations

Regulations providing an election under which CFCs generally would not be required to recognize foreign currency gain or loss under section 987(3) in order to simplify the operation of the existing regulations and reduce compliance burdens on taxpayers.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage No No Deregulatory Not Yet Determined 26 U.S.C. 987 and 989 No NPRM 07/00/2026 REG-103844-26 (NPRM) Drafter attorney: Mark Terrell (646) 259-8431 Reviewer attorney: Raphael Cohen (202) 317-3756 Treasury attorney: TBD CC:INTL No None No No No Mark Terrell Attorney 1545 Internal Revenue Service IRS 646 259-8431 855 589-8672 mark.t.terrell@irscounsel.treas.gov 33 Maiden Lane , Cube 14-5, New York NY 10038