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

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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.

https://regulations.justia.com/regulations/fedreg/2016/08/04/2016-18370.html

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).

https://regulations.justia.com/regulations/fedreg/2016/08/04/2016-18355.html