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TREAS/IRS RIN: 1545-BO66 Publication ID: Spring 2019 
Title: Accounting Periods and Methods of Accounting; Advance Payments for Goods and Long-Term Contracts 
Abstract:

Update rules for the application of section 1.451-5. Specifically, questions exist as to the continued applicability of the current regulations under section 1.451-5 due to statutory changes. The regulations will address whether the rules in the aforementioned regulation have been superseded by statute.

 
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 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 451    26 CFR 1.451-5    26 CFR 7805   
Legal Authority: 26 U.S.C. 451(c) and 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/15/2018  83 FR 51904   
NPRM Comment Period End  01/14/2019 
Final Action  11/00/2019 
Additional Information: REG-104872-18 (NPRM) Drafter attorney: Joanna Trebat (202) 317-7003 Reviewer attorney: Norma Rotunno (202) 317-7003 Treasury attorney: Ellen Martin (202) 622-1101 CC:ITA
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:
Joanna Trebat
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-7003
Fax:855 576-2336
Email: joanna.l.trebat@irscounsel.treas.gov