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TREAS/IRS RIN: 1545-BN94 Publication ID: Spring 2022 
Title: Time and Manner of Making Election to Adjust Basis of Partnership Property 
Abstract:

Amend current U.S. Department of the Treasury regulation section 1.754-1(b) to remove the requirement that an election filed pursuant to IRC section 754 must be signed by a partner.

 
Agency: Department of the Treasury(TREAS)  Priority: Info./Admin./Other 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 754    IRC sec. 754     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/12/2017  82 FR 47408   
NPRM Comment Period End  11/13/2017 
Final Action  09/00/2022 
Additional Information: REG-116256-17 Drafter attorney: Charles Wien (202) 317-5279 Reviewer attorney: Mary Beth Carchia (202) 317-5279 Treasury attorney: Roger Pillow (202) 622-0322 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:
Charles D. Wien
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5026,
Washington, DC 20224
Phone:202 317-5279
Fax:855 591-7865
Email: charles.d.wien@irscounsel.treas.gov