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TREAS/IRS RIN: 1545-BN07 Publication ID: Spring 2024 
Title: Deemed Distributions Under Section 305(c) of Stock and Rights to Acquire Stock 
Abstract:

Provide guidance on the amount and timing of distributions under sections 305(c) and 305(b), and to clarify that deemed distributions caused by changes in conversion ratios are considered a distribution of additional rights to acquire the underlying stock, and not a distribution of the underlying stock itself.  Guidance may separately be provided to withholding agents regarding their withholding obligations, and on information reporting for such distributions under sections 860G, 861, 1441, 1461, 1471, 1473, and 6045(B).  

 
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: None     (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  04/13/2016  81 FR 21795   
NPRM Comment Period End  07/12/2016 
Final Action  12/00/2024 
Additional Information: REG-133673-15 (NPRM) Drafter attorney: Robert Rhyne (202) 317-6848 Reviewer attorney: Justin Kellar (202) 317-6848 Treasury attorney: Colin Campbell (202) 622-2297 CC:CORP
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Robert M. Rhyne
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5426,
Washington, DC 20224
Phone:202 317-6848
Fax:855 561-0923
Email: robert.m.rhyne@irscounsel.treas.gov