Internal Revenue Service July 5, 2016 – Federal Register Recent Federal Regulation Documents

Self-Employment Tax Treatment of Partners in a Partnership That Owns a Disregarded Entity; Correction
Document Number: 2016-15739
Type: Rule
Date: 2016-07-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains a correction to final and temporary regulations (TD 9766) that were published in the Federal Register on May 4, 2016 (81 FR 26693). The final and temporary regulations clarify the employment tax treatment of partners in a partnership that owns a disregarded entity.
Deemed Distributions Under Section 305(c) of Stock and Rights To Acquire Stock; Correction
Document Number: 2016-15696
Type: Proposed Rule
Date: 2016-07-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to a notice of proposed rulemaking (REG-133673-15) that were published in the Federal Register on April 13, 2016 (81 FR 21795). The proposed regulations are in regards to deemed distributions of stock and rights to acquire stock. The proposed regulations would resolve ambiguities concerning the amount and timing of deemed distributions that are or result from adjustments to rights to acquire stock.