Internal Revenue Service April 13, 2011 – Federal Register Recent Federal Regulation Documents

Guidance Under Section 1502; Amendment of Matching Rule for Certain Gains on Member Stock
Document Number: C1-2011-4846
Type: Rule
Date: 2011-04-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Guidance on Reporting Interest Paid to Nonresident Aliens; Hearing
Document Number: 2011-8771
Type: Proposed Rule
Date: 2011-04-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains a rescheduled notice of public hearing on a notice of proposed rulemaking (REG-146097-09) that was published in the Federal Register on Tuesday, January 18, 2011 (76 FR 2852) and Friday, January 7, 2011 (76 FR 1105) providing guidance on the reporting requirements for interest on deposits maintained at U.S. offices of certain financial institutions and paid to nonresident alien individuals.
Guidance Under Section 108(a) Concerning the Exclusion of Section 61(a)(12) Discharge of Indebtedness Income of a Grantor Trust or a Disregarded Entity
Document Number: 2011-8758
Type: Proposed Rule
Date: 2011-04-13
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations relating to the exclusion from gross income under section 108(a) of discharge of indebtedness income of a grantor trust or an entity that is disregarded as an entity separate from its owner. The proposed regulations provide rules regarding the term ``taxpayer'' for purposes of applying section 108 to discharge of indebtedness income of a grantor trust or a disregarded entity. The proposed regulations affect grantor trusts, disregarded entities, and their owners.