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TREAS/IRS RIN: 1545-BL11 Publication ID: Fall 2016 
Title: Deferral of Section 987 Gain and Loss 

This proposed guidance will be released in conjunction with final and temporary regulations under section 987 and discusses the recognition and deferral of certain section 987 gain or loss.

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 1.987-1 (revised)    26 CFR 1.987-2 (new)    26 CFR 1.987-3 (revised)    26 CFR 1.987-4 (revised)    25 CFR 1.987-6 (revised)    26 CFR 1.987-7 (revised)    26 CFR-1.987-8 (revised)    26 CFR 1.987-12 (new)    26 CFR-1.987-13 (new)     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 0987    26 U.S.C. 0989(c)   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2016 
Additional Information: REG-128276-12 Drafting attorney: Anthony J. Marra (202) 317-6938 Reviewing attorney: Steven D. Jenson (202) 317-6938 Treasury attorney: Brian Jenn (202) 622-5967 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 
Related RINs: Related to 1545-AM12, Related to 1545-BL12 
Agency Contact:
Anthony J. Marra
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6938