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TREAS/IRS | RIN: 1545-BO87 | Publication ID: Fall 2020 |
Title: Effect of Section 67(g) on Trusts and Estates | |
Abstract:
These regulations will provide clarification of the effect of section 67(g) of the Internal Revenue Code (Code), enacted on December 22, 2017, by an "Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018," Public Law 115-97 (Act), on the deductibility of certain expenses described in sections 67(b) and (e), sections 642(h)(2) and 1.67-4, and section 1.642(h)-2(a) of the Income Tax Regulations that are incurred by estates and grantor trusts. |
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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: Regulatory | |
CFR Citation: 26 CFR 1.67-4 26 CFR 1.642(h)-2 | |
Legal Authority: 26 U.S.C. 67 26 U.S.C. 642 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-113295-18 (NPRM) Drafter attorney: Margaret Burow (202) 317-5279 Reviewer attorney: Caroline Hay (202) 317-5051 Treasury attorney: Cathy Hughes (202) 622-9407 CC:PSI | |
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 | |
Agency Contact: Margaret Burow General Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5002, Washington, DC 20224 Phone:202 317-6683 Fax:855 591-7865 Email: margaret.burow@irscounsel.treas.gov |