Internal Revenue Service July 17, 2014 – Federal Register Recent Federal Regulation Documents

Section 67 Limitations on Estates or Trusts; Change of Effective Date
Document Number: 2014-16834
Type: Rule
Date: 2014-07-17
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document amends final regulations (TD 9664) that were published in the Federal Register on May 9, 2014. The final regulations provide guidance on which costs incurred by estates or trusts other than grantor trusts (non-grantor trusts) are subject to the 2-percent floor for miscellaneous itemized deductions under section 67(a) of the Internal Revenue Code.