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TREAS/IRS RIN: 1545-BM80 Publication ID: Fall 2023 
Title: Exception to Foreign Personal Holding Company Income for Foreign Currency Gain or Loss 
Abstract:

These regulations will clarify and modify the exception to foreign personal holding company income for foreign currency gains and losses related to the needs of the issuers. Final regulations to permit election of mark-to-market timing convention for certain foreign currency gains and losses.

 
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: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.954-2    26 CFR 1.988-5    26 CFR 1.996-4   
Legal Authority: 26 U.S.C. 954(c)(1)(D)    26 U.S.C. 989(c)    26 U.S.C. 7805(a)    26 U.S.C. 996   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/19/2017  82 FR 60135   
NPRM; Correction  12/27/2017  82 FR 61199   
NPRM Comment Period End  03/19/2018 
Final Action  10/00/2024 
Additional Information: REG-119514-15 (Final) Drafter attorney: Anisa Afshar (202) 317-6934 Reviewer attorney: Kristine A. Crabtree (202) 317-6934 Treasury attorney: Erika 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:
Anisa Afshar
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6934
Email: anisa.afshar@irscounsel.treas.gov