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TREAS/IRS RIN: 1545-BP16 Publication ID: Fall 2020 
Title: Inventory Sourcing--Sections 865(e) and 863 Coordination 
Abstract:

Treasury Decision concerning the regulations under section 863 and 865 addressing what changes to these regulations are necessary as a result of the Tax Cuts and Jobs Act's changes to section 863(b)'s rules for sourcing of inventory produced by a taxpayer.

 
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: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.863-1    26 CFR 1.863-2    26 CFR 1.863-3    26 CFR 1.863-8    26 CFR 1.864-6    26 CFR 1.865-3    26 CFR 1.864-5    26 CFR 1.1502-13    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 863    26 U.S.C. 865   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/30/2019  84 FR 71836   
NPRM Comment Period End  02/28/2020 
Notice of Public Hearing  05/13/2020  85 FR 28539   
Outline Period End  05/20/2020 
Final Action  11/00/2020 
Additional Information: REG-100956-19 (Final) Drafter attorney: Brad McCormack (202) 317-6911 Reviewer attorney: Robert Kelley (202) 317-6939 Treasury attorney: James Wang (202) 622-2198 CC:INTL
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:
Brad McCormack
Senior Technical Reviewer
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW,
Washington, DC 20224
Phone:202 317-6911
Email: brad.mccormack@irscounsel.treas.gov