View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
TREAS/IRS | RIN: 1545-BO07 | Publication ID: Spring 2021 |
Title: Proposed Modification of Regulations Under Section 987 on Income and Currency Gain or Loss With Respect to a Section 987 Qualified Business Unit | |
Abstract:
This notice of proposed rulemaking provides rules in response to Executive Order 13789. addressing currency translations and gains and losses guidance regarding the determination and translation of the taxable income or loss of a taxpayer with respect to a qualified business unit subject to section 987, as well as the timing, amount, character, and source of any section 987 currency gain or loss. |
|
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 |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 987 26 U.S.C. 989(c) |
Legal Deadline:
None |
||||||
Timetable:
|
Additional Information: REG-132422-17 (NPRM) Drafter attorney: Anthony J. Marra (202) 317-6938 Reviewer attorney: Steven D. Jensen (202) 317-6938 Treasury attorney: Erika W. Nijenhuis (202) 622-0843 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: Anthony J. Marra Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-6938 Email: anthony.j.marra@irscounsel.treas.gov |