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TREAS/IRS RIN: 1545-BO67 Publication ID: Fall 2023 
Title: Rules for Denial of Deduction for Certain Fines, Penalties, and Other Amounts 

Technical corrections revising 1.162-21 regarding deductibility of certain fines, penalties, and other amounts under 162(f), as revised by the Tax Cuts and Jobs Act of 2017.  Technical corrections revising 1.6050X regarding information reporting by governments, governmental entities, and certain self-regulating non-governmental entities with respect to certain fines, penalties, and other amounts under 6050X, as added by the Tax Cuts and Jobs Act of 2017.

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: Undetermined  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.162-21    26 CFR 1.6050X-1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 162(f)    26 U.S.C. 6050X   
Legal Deadline:  None
Action Date FR Cite
NPRM  05/13/2020  85 FR 28524   
NPRM; Correction  06/11/2020  85 FR 35606   
NPRM Comment Period End  07/13/2020 
Final Regulations Effective  01/14/2021 
Final Regulations (TD 9946)  01/19/2021  86 FR 4970   
Final Regulation: Correction   12/00/2023 
Additional Information: REG-104591-18 Drafter attorney: Sharon Horn (202) 317-4426 Reviewer attorney: Norma C. Rotunno (202) 317-4886 Treasury attorney: Natasha Goldvug (202) 622-0180 CC:ITA
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal, State 
Small Entities Affected: Governmental Jurisdictions  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Sharon Y. Horn
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-4426