Internal Revenue Service November 4, 2019 – Federal Register Recent Federal Regulation Documents

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Proposed Collection; Comment Request for Regulation Project

Document Number: 2019-24011

Type: Notice

Date: 2019-11-04

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning treatment of shareholders of certain passive foreign investment companies.

https://regulations.justia.com/regulations/fedreg/2019/11/04/2019-24011.html

The Treatment of Certain Interests in Corporations as Stock or Indebtedness

Document Number: 2019-23819

Type: Proposed Rule

Date: 2019-11-04

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document announces that the Department of the Treasury (Treasury Department) and the IRS intend to issue proposed regulations regarding the treatment of certain interests in corporations as stock or indebtedness and requests comments from the public regarding the contemplated rules. This document also announces that, following the expiration of the 2016 Temporary Regulations (described in the Background section of this advance notice of proposed rulemaking), a taxpayer may rely on the 2016 Proposed Regulations (also described in the Background) until further notice is given in the Federal Register, provided that the taxpayer consistently applies the rules in the 2016 Proposed Regulations in their entirety.

https://regulations.justia.com/regulations/fedreg/2019/11/04/2019-23819.html

Removal of Section 385 Documentation Regulations

Document Number: 2019-23817

Type: Rule

Date: 2019-11-04

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document removes final regulations setting forth minimum documentation requirements that ordinarily must be satisfied in order for certain related-party interests in a corporation to be treated as indebtedness for Federal tax purposes. This document also adopts conforming amendments to other final regulations to reflect the removal of the documentation regulations. The final regulations removed or amended by this document generally affect corporations that issue purported indebtedness to related corporations or partnerships.

https://regulations.justia.com/regulations/fedreg/2019/11/04/2019-23817.html