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TREAS/IRS RIN: 1545-BP80 Publication ID: Fall 2020 
Title: Guidance Under Section 355 of the Internal Revenue Code 
Abstract:

The rules will provide guidance relating to the requirements under section 355 of the Internal Revenue Code, including the active trade or business requirement and the prohibition on device for the distribution of earnings and profits.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.355-2    26 CFR 1.355-3   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 355(b)(3)(D)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2020 
Additional Information: REG-121484-19 (NPRM) Drafter attorney: Kelton Frye (202) 317-5135 Reviewer attorney: Peter Richman (202) 317-5152 Treasury attorney: Colin Campbell (202) 622-2721 CC:CORP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BC94, Related to 1545-BN47 
Agency Contact:
Kelton Frye
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5038,
Washington, DC 20224
Phone:202 317-5363
Email: kelton.p.frye@irscounsel.treas.gov