Redetermination of the Consolidated Net Unrealized Built-In Gain and Loss
This document contains proposed regulations under section 1502 of the Internal Revenue Code. The regulations will apply to corporations filing consolidated returns. The regulations will require a loss group or loss subgroup to redetermine its consolidated net unrealized built-in gain and loss in certain circumstances. This document also invites comments from the public regarding these proposed regulations.
Open Meeting of the President's Advisory Council on Financial Capability
The President's Advisory Council on Financial Capability (``Council'') will convene for a public meeting on November 8, 2011 at the Department of Treasury, 1500 Pennsylvania Avenue, NW., Washington, DC, beginning at 10:30 a.m. Eastern Time. The meeting will be open to the public. The Council will: (1) Receive a report from the Council's subcommittees (Financial Access, Research and Evaluation, Partnerships, and Youth) on their progress; (2) review membership and composition of the subcommittees, (3) review the comments the Council received on its proposed themes and principles that were posted for public comment on September 1, 2011, and (4) hear from outside experts about youth financial capability and the use of technology in improving financial capability.
Request for Applications for the IRS Advisory Committee on Tax Exempt and Government Entities
The Internal Revenue Service (IRS) is requesting applications for membership to serve on the Advisory Committee on Tax Exempt and Government Entities (ACT). Applications will be accepted for the following vacancies, which will occur in June 2012: Two (2) employee plans; two (2) exempt organizations; one (1) Indian tribal government; and two (2) tax exempt bonds. To ensure appropriate balance of membership, final selection from qualified candidates will be determined based on experience, qualifications, and other expertise. Members of the ACT may not be federally registered lobbyists.