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TREAS/IRS RIN: 1545-BO99 Publication ID: Fall 2020 
Title: Section 4960 Excise Tax on Tax-Exempt Organization Compensation 
Abstract:

These regulations implement the new IRC section 4960. They are necessary to provide clarity to taxpayers regarding the meaning of certain terms in the statute and to prevent abusive means of avoiding the tax.

 
Agency: Department of the Treasury(TREAS)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 53.4960-2 (new)    26 CFR 53.4960-1 (new)    26 CFR 301.6684-1 (revision)    26 CFR 1.507-1 (revision)    26 CFR 53.4948-1 (revision)    26 CFR 301.6501(e)-1 (revision)    26 CFR 301.6501(n)-1 (revision)    26 CFR 301.6511(f)-1 (revision)    26 CFR 53.4960-3 (new)    26 CFR 53.4960-4 (new)    26 CFR 53.4960-5 (new)    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 4960    Pub. L. 115-97, sec. 13602   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/11/2020  85 FR 35746   
NPRM Comment Period End  08/10/2020 
Final Action  01/00/2021 
Additional Information: REG-122345-18 (Final) Drafter attorney: William McNally (202) 317-5600 Reviewer attorney: John Richards (202) 317-5600 Treasury attorney: Amber Salotto (202) 622-6707 CC:EEE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
William L. McNally
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5039,
Washington, DC 20224
Phone:202 317-4579
Fax:855 595-5263
Email: william.l.mcnally@irscounsel.treas.gov