Internal Revenue Service February 1, 2005 – Federal Register Recent Federal Regulation Documents

Section 1374 Effective Dates; Correction
Document Number: 05-1734
Type: Rule
Date: 2005-02-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document corrects temporary regulations (TD 9170) that were published in the Federal Register on Wednesday, December 22, 2004 (69 FR 76612), that provide guidance concerning the applicability of section 1374 to S corporations that acquire assets in carryover basis transactions from C corporations on or after December 27, 1994, and to certain corporations that terminate S corporation status and later elect again to become S corporations.