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TREAS/IRS RIN: 1545-BN07 Publication ID: Fall 2016 
Title: Deemed Distributions Under Section 305(c) of Stock and Rights to Acquire Stock 

Provide guidance on the amount and timing of distributions under section 305(c) and 305(b), and to clarify that deemed distributions caused by changes in conversion ratios are considered a distribution of additional rights to acquire the underlying stock, and not a distribution of the underlying stock itself. Guidance is also provided to withholding agents regarding their withholding obligations, and on information reporting for such distributions under sections 860G, 861, 1441, 1461, 1471, 1473, and 6045(B).  

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: None     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805   
Legal Deadline:  None
Action Date FR Cite
NPRM  04/13/2016  81 FR 21795   
NPRM Comment Period End  07/12/2016 
Final Action  12/00/2016 
Additional Information: REG-133673-15 (NPRM) Drafting Attorney: Maurice LaBrie (202) 317-5024 Reviewer Attorney: Lisa Fuller (202) 317-5363 Treasury Attorney: Brett York (202) 622-1285 CORP
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Maurice LaBrie
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6848