Internal Revenue Service August 30, 2024 – Federal Register Recent Federal Regulation Documents

Results 1 - 2 of 2

Guidance Regarding Elections Relating to Foreign Currency Gains and Losses

Document Number: C1-2024-18281

Type: Proposed Rule

Date: 2024-08-30

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

https://regulations.justia.com/regulations/fedreg/2024/08/30/C1-2024-18281.html

Statutory Disallowance of Deductions for Certain Qualified Conservation Contributions Made by Partnerships and S Corporations; Correction

Document Number: 2024-18925

Type: Rule

Date: 2024-08-30

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

This document contains corrections to Treasury Decision 9999, which was published in the Federal Register on Friday, June 28, 2024. The document issued final regulations concerning the statutory disallowance rule enacted by the SECURE 2.0 Act of 2022 to disallow a Federal income tax deduction for a qualified conservation contribution made by a partnership or an S corporation after December 29, 2022, if the amount of the contribution exceeds 2.5 times the sum of each partner's or S corporation shareholder's relevant basis.

https://regulations.justia.com/regulations/fedreg/2024/08/30/2024-18925.html