Department of Treasury October 5, 2016 – Federal Register Recent Federal Regulation Documents

Definition of Real Estate Investment Trust Real Property; Correction
Document Number: 2016-23991
Type: Rule
Date: 2016-10-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (TD 9784) that were published in the Federal Register on Wednesday, August 31, 2016 (81 FR 59849). The final regulations that clarify the definition of real property for purposes of real estate investment trust provisions of the Internal Revenue Code (Code).
Liabilities Recognized as Recourse Partnership Liabilities Under Section 752
Document Number: 2016-23390
Type: Proposed Rule
Date: 2016-10-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations that incorporate the text of related temporary regulations and withdraws a portion of a notice of proposed rulemaking (REG-119305-11) to the extent not adopted by final regulations. This document also contains new proposed regulations addressing when certain obligations to restore a deficit balance in a partner's capital account are disregarded under section 704 of the Internal Revenue Code (Code) and when partnership liabilities are treated as recourse liabilities under section 752. These regulations would affect partnerships and their partners.
Liabilities Recognized as Recourse Partnership Liabilities Under Section 752
Document Number: 2016-23388
Type: Rule
Date: 2016-10-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final and temporary regulations concerning how liabilities are allocated for purposes of section 707 of the Internal Revenue Code (Code) and when certain obligations are recognized for purposes of determining whether a liability is a recourse partnership liability under section 752. These regulations affect partnerships and their partners. The text of these temporary regulations serves as part of the text of proposed regulations (REG- 122855-15) published in the Proposed Rules section in this issue of the Federal Register.
Section 707 Regarding Disguised Sales, Generally
Document Number: 2016-23387
Type: Rule
Date: 2016-10-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations under sections 707 and 752 of the Internal Revenue Code (Code). The final regulations under section 707 provide guidance relating to disguised sales of property to or by a partnership and the final regulations under section 752 provide guidance relating to allocations of excess nonrecourse liabilities of a partnership to partners for disguised sale purposes. The final regulations affect partnerships and their partners.