Internal Revenue Service August 20, 2020 – Federal Register Recent Federal Regulation Documents

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Rollover Rules for Qualified Plan Loan Offset Amounts

Document Number: 2020-16564

Type: Proposed Rule

Date: 2020-08-20

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

This document sets forth proposed regulations relating to amendments made to section 402(c) of the Internal Revenue Code (Code) by section 13613 of the Tax Cuts and Jobs Act, Public Law 115-97 (131 Stat. 2054) (TCJA). Section 13613 of TCJA provides an extended rollover period for a qualified plan loan offset, which is a type of plan loan offset. These regulations affect participants, beneficiaries, sponsors, and administrators of qualified employer plans.

https://regulations.justia.com/regulations/fedreg/2020/08/20/2020-16564.html

Certain Outbound Property Transfers by Domestic Corporations; Certain Stock Distributions by Domestic Corporations; Correcting Amendment

Document Number: 2020-16354

Type: Rule

Date: 2020-08-20

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

This document contains a correction to a Treasury Decision 9614, which was published in the Federal Register on Tuesday, March 19, 2013. Treasury Decision 9614 contained final regulations that apply to transfers of certain property by a domestic corporation to a foreign corporation in certain nonrecognition exchanges, or to distributions of stock of certain foreign corporations by a domestic corporation in certain nonrecognition distributions.

https://regulations.justia.com/regulations/fedreg/2020/08/20/2020-16354.html