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TREAS/IRS RIN: 1545-BO11 Publication ID: Spring 2024 
Title: Bad Debt Deductions 
Abstract:

The final regulations will provide guidance on when a loan held by a financial institution will be conclusively presumed to be worthless for purposes of section 166 of the Internal Revenue Code.

 
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: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 166   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/28/2023  88 FR 89636   
NPRM Comment Period End  02/26/2024 
Final Action  12/00/2024 
Additional Information: REG-121010-17 (Final TD) Drafter attorney: Stephanie Floyd (202) 317-5081 Reviewer attorney: Jason Kristall (202) 317-4874 Treasury attorney: Erika W. Nijenhuis (202) 622-0843 CC:FIP
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Stephanie D. Floyd
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 3547,
Washington, DC 20224
Phone:202 317-5081
Fax:855 574-9024
Email: stephanie.d.floyd@irscounsel.treas.gov