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TREAS/IRS RIN: 1545-BH99 Publication ID: Spring 2009 
Title: Information Reporting for Discharges of Indebtness 
Abstract: The temporary regulations amend section 1.6050P-1 by adding a definition of creditor for purposes of section 1.6050P-1(b)(2)(iv). The definition will limit application of the 36-month nonpayment testing period (one of the identifiable events, triggering the information reporting requirements under section 6050P) to banks and other financial entities as defined in the original 1993 definition of applicable financial entities. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 7805    26 USC 6050P   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Temporary Regulations Completed by TD 9430  11/10/2008  73 FR 66539   
Additional Information: REG-118327-08 Drafting attorney: Barbara M. Pettoni (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 CC: PA: Branch 1
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BH98 
Agency Contact:
Barbara M. Pettoni
Attorney
Department of the Treasury
Internal Revenue Service
Room 5541, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 622-4910
Fax:202 927-9248
Email: barbara.m.pettoni@irscounsel.treas.gov