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TREAS/IRS RIN: 1545-BO67 Publication ID: Spring 2018 
Title: ●Rules for Denial of Deduction for Certain Fines, Penalties, and Other Amounts  
Abstract:

Revising 1.162-21 regarding deductibility of certain fines, penalties, and other amounts under 162(f), as revised by the Tax Cuts and Jobs Act of 2017. Adding 1.6050X regarding information reporting with respect to certain fines, penalties, and other amounts under 6050X, as added by the Tax Cuts and Jobs Act of 2017.

 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.162-21    26 CFR 1.6050X   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 162(f)    26 U.S.C. 6050X   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2018 
Additional Information: REG-104591-18 (NPRM) Drafter attorney: Christopher Wrobel (202) 317-4612 Reviewer attorney: Ronald J. Goldstein (202) 317-4887 Treasury attorney: Rochelle L. Hodes (202) 622-1787 CC:ITA
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal, State, Tribal 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Agency Contact:
Christopher Wrobel
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4043,
Washington, DC 20024
Phone:202 317-4612
Fax:855 576-2336
Email: christopher.wrobel@irscounsel.treas.gov