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TREAS/IRS RIN: 1545-BN81 Publication ID: Fall 2019 
Title: Transfers of Property to Partnerships With Related Foreign Partners 

The regulations will implement Notice 2015-54, which requires partners contributing appreciated property to partnerships with related foreign partners to comply with certain requirements in order to not recognize gain on the contribution under section 721(a).

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 1.721(c)-1 to 1.721(c)-7    26 CFR 1.6038B-2   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 721(c)   
Legal Deadline:  None
Action Date FR Cite
NPRM  01/19/2017  82 FR 6368   
NPRM Comment Period End  04/19/2017 
Final Action  12/00/2019 
Additional Information: REG-127203-15 (NPRM) Drafting attorney: Ronald Gootzeit (202) 317-6937 Reviewing attorney: Jason Smyczek (202) 317-4933 Treasury attorney: Brenda Zent (202) 622-6894 CC:INTL
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:
Ronald M. Gootzeit
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4567,
Washington, DC 20224
Phone:202 317-6937
Fax:202 317-4922