Internal Revenue Service October 25, 2011 – Federal Register Recent Federal Regulation Documents

Partner's Distributive Share
Document Number: 2011-27575
Type: Proposed Rule
Date: 2011-10-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations removing Sec. 1.704-1(b)(2)(iii)(e) (the de minimis partner rule) because the rule may have resulted in unintended tax consequences. The proposed regulations affect partnerships and their partners.
Modifications of Certain Derivative Contracts; Hearing Cancellation
Document Number: 2011-27573
Type: Proposed Rule
Date: 2011-10-25
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on notice of proposed rulemaking by cross-reference to temporary regulations relating to whether an exchange for purposes of Sec. 1.1001-1(a) occurs for the nonassigning counterparty when there is an assignment of certain derivative contracts.