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TREAS/IRS RIN: 1545-BG21 Publication ID: Fall 2022 
Title: Section 751(b) Update for Certain Distributions Treated as Sales or Exchanges 
Abstract:

These are revised regulations under section 751(b) for certain distributions treated as sales or exchanges. The regulations would affect partners in partnerships that own unrealized receivables and inventory items and that make a distribution to one or more partners.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.751-1   
Legal Authority: 26 U.S.C. 751(b)    26 U.S.C. 7605    26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/03/2014  79 FR 65151   
NPRM Comment Period End  02/02/2015 
Final Action  12/00/2023 
Additional Information: REG-151416-06 Drafter attorneys: Margaret Burow (202) 317-5279 and Frank J. Fisher (202) 317-6850 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: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Margaret Burow
General Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5002,
Washington, DC 20224
Phone:202 317-6683
Fax:855 591-7865
Email: margaret.burow@irscounsel.treas.gov

Frank J. Fisher
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5007,
Washington, DC 20224
Phone:202 317-6850
Fax:855 591-7864
Email: frank.j.fisher@irscounsel.treas.gov