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TREAS/IRS RIN: 1545-BB98 Publication ID: Spring 2003 
Title: ●Computation of Tax Attributes 
Abstract: The proposed regulations under section 108 (and section 1017) will clarify: 1) the computation of tax attributes subject to reduction due to cancellation of indebtedness income (COD income) under section 108(c)(j)(6), (B), (C); and 2) that even in a section 381 transaction, all of a taxpayer's tax attributes, including basis, are subject to reduction. 
Agency: Department of the Treasury(TREAS)  Priority: Routine and Frequent 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2003    
Additional Information: REG-113112-03 Drafting attorney: Theresa M. Kolish (202) 622-7930 Reviewing attorney: Steve Hankin (202) 622-7930 CC:CORP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Theresa M. Kolish
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5405,
Washington, DC 20224
Phone:202 622-6163
Fax:202 622-7556
Email: theresa.m.kolish@irscounsel.treas.gov