Internal Revenue Service August 23, 2019 – Federal Register Recent Federal Regulation Documents

Guidance Related to Section 951A (Global Intangible Low-Taxed Income) and Certain Guidance Related to Foreign Tax Credits
Document Number: C1-2019-12437
Type: Rule
Date: 2019-08-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
Withholding of Tax and Information Reporting With Respect to Interests in Partnerships Engaged in the Conduct of a U.S. Trade or Business; Hearing Cancellation
Document Number: 2019-18308
Type: Proposed Rule
Date: 2019-08-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document cancels a public hearing on proposed regulations to implement certain sections of the Internal Revenue Code, including sections added to the Internal Revenue Code by the Tax Cuts and Jobs Act, that relate to the withholding of tax and information reporting with respect to certain dispositions of interests in partnerships engaged in the conduct of a trade or business within the United States.
Determination of the Maximum Value of a Vehicle for Use With the Fleet-Average and Vehicle Cents-per-Mile Valuation Rules
Document Number: 2019-18044
Type: Proposed Rule
Date: 2019-08-23
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document sets forth proposed regulations regarding special valuation rules for employers and employees to use in determining the amount to include in an employee's gross income for personal use of an employer-provided vehicle. The proposed regulations reflect changes made by the Tax Cuts and Jobs Act, Public Law 115-97 (the Act).