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TREAS/IRS RIN: 1545-BH35 Publication ID: Spring 2009 
Title: The Allocation of Consideration and Allocation and Recovery of Basis in Transactions Involving Corporate Stock or Securities 
Abstract: These proposed regulations provide guidance regarding the recovery of stock basis in distributions under section 301 and transactions that are treated as dividends to which section 301 applies, as well as guidance regarding the determination of gain and the basis of stock or securities received in exchange for, or with respect to, stock or securities in certain transactions. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.301-2    26 CFR 1.301-5    26 CFR 1.304-1    26 CFR 1.304-2    26 CFR 1.304-3    26 CFR 1.304-5    26 CFR 1.351-2    26 CFR 1.354-1    26 CFR 1.355-1    26 CFR 1.356-1    26 CFR 1.358-1    26 CFR 1.358-2    26 CFR 1.358-6    26 CFR 1.368-1    26 CFR 1.861-12    26 CFR 1.1002-1    26 CFR 1.1016-2    26 CFR 1.1374-10   
Legal Authority: 26 USC 7805    26 USC 301 and 302    26 USC 358(b)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/21/2009  74 FR 3509   
NPRM Comment Period End  04/21/2009    
Final Action  12/00/2009    
Additional Information: REG-143686-07 Drafting attorneys: Theresa M. Kolish (202) 622-6163 and Rebecca O. Burch (202) 622-7305 Reviewing attorneys: Lewis K. Brickates (202) 622-7147 and T. Ian Russell (202) 622-7550 Treasury attorney: Donald Bakke (202) 622-0865 CC: CORP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: 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

Rebecca O. Burch
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue, NW, Room 5032,
Washington, DC 20224
Phone:202 622-7550
Fax:202 622-4111
Email: rebecca.o.burch@irscounsel.treas.gov