Internal Revenue Service August 4, 2016 – Federal Register Recent Federal Regulation Documents

Estate, Gift, and Generation-Skipping Transfer Taxes; Restrictions on Liquidation of an Interest
Document Number: 2016-18370
Type: Proposed Rule
Date: 2016-08-04
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations concerning the valuation of interests in corporations and partnerships for estate, gift, and generation-skipping transfer (GST) tax purposes. Specifically, these proposed regulations concern the treatment of certain lapsing rights and restrictions on liquidation in determining the value of the transferred interests. These proposed regulations affect certain transferors of interests in corporations and partnerships and are necessary to prevent the undervaluation of such transferred interests.
Application of Section 409A to Nonqualified Deferred Compensation Plans; Correction
Document Number: 2016-18355
Type: Proposed Rule
Date: 2016-08-04
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to a partial withdrawal of notice of proposed rulemaking; notice of proposed rulemaking (REG- 123854-12) that was published in the Federal Register on Wednesday, June 22, 2016 (81 FR 40569). The proposed regulations are to clarify or modify certain specific provisions of the final regulations under section 409A (TD 9321, 72 FR 19234).