| REG-107566-00(PDF, 94K) |
HTML Version(113K) |
12/30/2000 |
| Guidance under section 355(e); Recognition of Gain on Certain Distributions of Stock or Securities In Connection with an Acquisition. |
| This document contains proposed regulations relating to recognition of gain on certain distributions of stock or securities of a controlled corporation in connection with an acquisition.
Changes to the applicable law were made by the Taxpayer Relief Act of 1997. These proposed regulations affect corporations and are necessary to provide them with guidance needed to comply with these changes. This document also provides notice of a public hearing on these proposed regulations. |
| REG-116733-98(PDF, 106K) |
HTML Version(3K) |
12/30/2000 |
| Guidance under section 355(e); Recognition of Gain on Certain Distributions of Stock or Securities in Connection With an Acquisition. |
| This document withdraws the notice of proposed rulemaking relating to recognition of gain on certain distributions of stock or securities of a controlled corporation in connection with an acquisition that was published in the Federal Register on August 24, 1999. The withdrawal is in response to written comments received and oral comments presented at a public hearing. |
| T.D. 8930(PDF, 102K) |
HTML Version(165K) |
12/29/2000 |
| Credit for Increasing Research Activities |
| This document contains final regulations relating to the
computation of the credit under section 41(c) and the definition of
qualified research under section 41(d). These regulations are
intended to provide guidance concerning the requirements necessary
to qualify for the credit for increasing research activities,
guidance in computing the credit for increasing research activities,
and rules for electing and revoking the election of the alternative
incremental credit. |
| T.D. 8915(PDF, 14K) |
HTML Version(12K) |
12/29/2000 |
| Tiered Structures-Electing Small Business Trusts |
| This document contains temporary regulations amending the
temporary regulations under section 444 of the Internal Revenue Code
(Code) relating to the election of a taxable year other than the
required taxable year. The temporary regulations provide that solely
with respect to an S corporation shareholder, an electing small
business trust (ESBT) and a trust that is described in section
401(a) or section 501(c)(3) and is exempt from taxation under
section 501(a) is not a deferral entity for purposes of §1.444-2T.
The temporary regulations affect S corporations, ESBTs that own S
corporation stock, and trusts that are described in section 401(a)
or section 501(c)(3) and exempt from taxation under section 501(a)
that own S corporation stock.
The text of these temporary regulations serves as the text of the
proposed regulations set forth in the notice of proposed rulemaking
published elsewhere in this issue of the Federal Register. |
| REG-251701-96(PDF, 110K) |
HTML Version(111K) |
12/29/2000 |
| Electing Small Business Trust |
| This document contains proposed regulations relating to the
qualification and treatment of electing small business trusts
(ESBTs). The proposed regulations interpret the rules added to the
Internal Revenue Code (Code) by section 1302 of the Small Business
Job Protection Act of 1996 and section 1601 of the Taxpayer Relief
Act of 1997. In addition, the text of the temporary regulations
published elsewhere in this issue of the Federal Register also
serves as the text of these proposed regulations with respect to an
ESBT or a trust described in section 401(a) or section 501(c)(3)
that is exempt from taxation under section 501(a) not being treated
as a deferral entity for purposes of '1.444-2T. |
| T.D. 8918(PDF, 8.0K) |
HTML Version(9K) |
12/26/2000 |
| Removal of Federal Reserve Banks as Federal Depositaries. |
| This document contains temporary regulations relating to
the deposit of Federal taxes pursuant to section 6302 of the
Internal Revenue Code. The regulations remove Federal Reserve banks
as authorized depositaries for Federal tax deposits. The regulations
affect taxpayers that make Federal tax deposits using paper Federal
Tax Deposit (FTD) coupons (Form 8109) at Federal Reserve banks. |
| REG-107176-00(PDF, 15K) |
HTML Version(19K) |
12/26/2000 |
| Removal of Federal Reserve Banks as Federal Depositaries. |
| This document contains proposed regulations which remove the Federal Reserve banks as authorized depositaries for Federal tax deposits. The regulations affect taxpayers who make Federal tax deposits using paper Federal Tax Deposit (FTD) coupons (Form 8109) at Federal Reserve banks. |
| REG-106542-98(PDF, 61K) |
HTML Version(92K) |
12/17/2000 |
| Election to Treat Trust as Part of an Estate |
| This document contains proposed regulations that relate to an election to have certain revocable trusts treated and taxed as part of an estate. This document provides the procedures and requirements for making the election, rules regarding the tax treatment of the trust and the estate while the election is in effect, and rules regarding the termination of the election. |
| T.D. 8909(PDF, 7.7K) |
HTML Version(8K) |
12/6/2000 |
| Federal Employment Tax Deposits-- De Minimis Rule |
| This document contains temporary and final regulations
relating to the deposit of Federal employment taxes. The regulations
change the de minimis deposit rule for quarterly and annual return
periods. The regulations affect taxpayers required to make deposits
of Federal employment taxes. The text of the temporary regulations
also serves as the text of the proposed regulations set forth in the
notice of proposed rulemaking on this subject in the Proposed Rules
section of this issue of the Federal Register. |
| REG-114423-00(PDF, 8.1K) |
HTML Version(7K) |
12/6/2000 |
| Federal Employment Tax Deposits-- De Minimis Rule |
| These proposed regulations affect taxpayers required to
make deposits of Federal employment taxes. This document contains
proposed regulations which change the de minimis deposit rule for
quarterly and annual return periods. In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the deposit of Federal employment taxes. The text of those regulations also serves as the text of these proposed regulations. |
| T.D. 8908(PDF, 14K) |
HTML Version(13K) |
11/30/2000 |
| Disclosure of Return Information to the Bureau of the Census |
| This document contains final regulations relating to
additions to, and deletions from, the list of items of information
disclosed to the Bureau of the Census for use in certain statistical
programs. These regulations reflect agreement between the IRS and
the Bureau of the Census as to items of business tax information
needed to more effectively meet the Bureau of the Census' program
objectives with respect to existing economic programs. |
| REG-107279-00(PDF, 16K) |
HTML Version(9K) |
11/30/2000 |
| Rules Relating to General Definition of Dependent |
| This document contains proposed regulations that amend the definition of "authorized placement agency" for purposes of determining whether a child placed for legal adoption in a taxpayer’s home is a dependent of the taxpayer. A taxpayer who has a child placed for legal adoption in his or her home by an authorized placement agency will be affected by these regulations. |
| T.D. 8907(PDF, 47K) |
HTML Version(72K) |
11/21/2000 |
| Application of the Anti-Churning Rules for Amortization of Intangibles in Partnerships |
| This document contains final regulations relating to the
amortization of certain intangible property under section 197. Specifically, the regulations apply the anti-churning rules under
section 197(f)(9) to partnership distributions resulting in basis
adjustments under sections 732(b) and 734(b). This document also
amends certain parts of the previously issued final regulations (TD
8865), including those parts that relate to the amount of a basis
adjustment under sections 732(d) and 743(b) that is subject to the
anti-churning rules under section 197(f)(9). |
| T.D. 8906(PDF, 31K) |
HTML Version(31K) |
11/3/2000 |
| Allocation of Partnership Debt |
| This document contains final regulations relating to the
allocation of nonrecourse liabilities by a partnership. The final
regulations revise tier three of the three-tiered allocation
structure contained in the current no recourse liability
regulations, and also provide guidance regarding the allocation of a
single no recourse liability secured by multiple properties. |
| T.D. 8903(PDF, 16K) |
HTML Version(14K) |
9/26/2000 |
| Qualified Zone Academy Bonds; Obligations of States & Political Subdivisions |
| This document contains final regulations relating to the
Federal income tax treatment of qualified zone academy bonds. These
regulations provide guidance to State and local governments that
issue qualified zone academy bonds and to banks, insurance companies and other taxpayers that hold those bonds. These regulations make final certain temporary regulations. |
| T.D. 8902(PDF, 88K) |
HTML Version(71K) |
9/21/2000 |
| Capital Gains, Partnership, Subchapter S, & Trust Provisions |
| This document contains final regulations relating to sales
or exchanges of interests in partnerships, S corporations, and
trusts. The regulations interpret the look- through provisions of
section 1(h), added by section 311 of the Taxpayer Relief Act of
1997 and amended by sections 5001 and 6005(d) of the Internal
Revenue Service Restructuring and Reform Act of 1998, and explain
the rules relating to the division of the holding period of a
partnership interest. The regulations affect partnerships,
partners, S corporations, S corporation shareholders, trusts, and
trust beneficiaries. |
| T.D. 8901(PDF, 36K) |
HTML Version(27K) |
9/7/2000 |
| Qualified Lessee Construction Allowances for Short-Term Leases |
| This document contains final regulations concerning an
exclusion from gross income for qualified lessee construction
allowances provided by a lessor to a lessee for the purpose of
constructing long-lived property to be used by the lessee pursuant
to a short-term lease. The final regulations affect a lessor and a
lessee paying and receiving, respectively, qualified lessee
construction allowances that are depreciated by a lessor as
nonresidential real property and excluded from the lessee’s gross
income. The final regulations provide guidance on the exclusion, the
information required to be furnished by the lessor and the lessee,
and the time and manner for providing that information to the IRS. |
| T.D. 8900(PDF, 72K) |
HTML Version(62K) |
9/7/2000 |
| Special Rules Regarding Optional Forms of Benefit Under Qualified Retirement Plans |
| This document contains final regulations that permit
qualified defined contribution plans to be amended to eliminate some
alternative forms in which an account balance can be paid under
certain circumstances, and permit certain transfers between defined
contribution plans that were not permitted under prior final
regulations. These regulations affect qualified retirement plan
sponsors, administrators, and participants. |
| T.D. 8895(PDF, 24K) |
HTML Version(24K) |
8/19/2000 |
| Extension of Due Date for Electronically Filed Information Returns; Limitation of Failure to Pay Penalty for Individuals During Period of Installment Agreement |
| This document contains final regulations implementing
section 6071(b) relating to the extension of the due date for
certain electronically filed information returns. The final
regulations also provide rules under section 6651(h) relating to a
penalty reduction for certain individuals who have agreed with the
IRS to make installment payments in satisfaction of their tax
liability. The regulations relating to extension of filing dates
affect payors required to file information returns after December
31, 1999. The regulations relating to penalty reduction affect
individual taxpayers with installment agreements in effect during
months beginning after December 31, 1999. |
| T.D. 8897(PDF, 111K) |
HTML Version(100K) |
8/18/2000 |
| Rules for Property Produced in a Farming Business |
| This document contains final regulations relating to the
application of section 263A of the Internal Revenue Code to property
produced in the trade or business of farming. These regulations also
provide guidance regarding the election available to certain
taxpayers to not have section 263A apply to any plant produced by
the electing taxpayers in each taxpayer’s farming trade or business.
These regulations affect taxpayers engaged in the trade or business
of farming. |
| T.D. 8896(PDF, 30K) |
HTML Version(32K) |
8/16/2000 |
| Modification of Tax Shelter Rules |
| These temporary regulations modify the rules relating to
the filing by certain corporate taxpayers of a statement with their
Federal corporate income tax returns under section 6011(a), the
registration of confidential corporate tax shelters under section
6111(d), and the maintenance of lists of investors in potentially
abusive tax shelters under section 6112. These regulations provide
the public with additional guidance needed to comply with the
disclosure rules, the registration requirement, and the list
maintenance requirement applicable to tax shelters. |
| T.D. 8894(PDF, 78K) |
HTML Version(70K) |
7/31/2000 |
| Loans From a Qualified Employer Plan to Plan Participants or Beneficiaries |
| This document contains final regulations relating to loans
made from a qualified employer plan to plan participants or
beneficiaries. These final regulations provide guidance on the
application of section 72(p) of the Internal Revenue Code. These
regulations affect administrators of, participants in, and
beneficiaries of qualified employer plans that permit participants
or beneficiaries to receive loans from the plan, including loans
from section 403(b) contracts and other contracts issued under
qualified employer plans. |
| T.D. 8891(PDF, 27K) |
HTML Version(19K) |
7/18/2000 |
| Increase In Cash-Out Limit Under Sections 411(a)(7), 411(a)(11), & 417(e)(1) for Qualified Retirement Plans |
| This document contains final regulations relating to the
increase from $3,500 to $5,000 of the limit on distributions from
qualified retirement plans that can be made without participant or
spousal consent. This increase is contained in the Taxpayer Relief
Act of 1997. In addition, these regulations eliminate the "lookback
rule" pursuant to which certain qualified plan benefits are deemed
to exceed this limit on involuntary distributions. The final
regulations affect sponsors and administrators of qualified
retirement plans, and participants in those plans. |
| T.D. 8892(PDF, 6.8K) |
HTML Version(5K) |
7/18/2000 |
| TeleFile Voice Signature Test |
| Removal of temporary regulations and withdrawal of proposed regulations concerning telefile voice signature test In December 1993 the IRS published a notice of proposed rulemaking cross-referencing temporary regulations under sections 6012, 6061, and 6065. The proposed and temporary regulations provide that an individual federal income tax return completed as part of the Telefile Voice Signature test will be treated as a return that is signed, authenticated, verified, and filed by the taxpayer as required by the Internal Revenue Code. |
| T.D. 8893(PDF, 9.4K) |
HTML Version(8K) |
7/18/2000 |
| Retention of Income Tax Return Preparers' Signatures |
| This document contains final regulations that provide
income tax return preparers with two alternative means of meeting
the requirement that a preparer retain the copy of the return or
claim manually signed by the preparer. The regulations are
necessary to inform preparers about the two alternatives and to
provide them with the guidance needed to comply with the
alternatives. |
| T.D. 8890(PDF, 16K) |
HTML Version(18K) |
7/4/2000 |
| Definition of Grantor |
| This document contains final regulations defining the term
grantor for purposes of part I of subchapter J, chapter 1 of the
Internal Revenue Code. These regulations provide necessary guidance
in determining who is the grantor of a trust in applying those Code
sections. These regulations affect trusts and any person creating or
funding a trust. |
| T.D. 8889(PDF, 69K) |
HTML Version(54K) |
7/1/2000 |
| Guidance Regarding Claims for Certain Income Tax Convention Benefits |
| This document contains final regulations relating to treaty
withholding rates for items of income received by entities that are
fiscally transparent in the United States and/or a foreign
jurisdiction. The regulations affect the determination of tax treaty
benefits available to foreign persons with respect to such items of
income. |
| T.D. 8888(PDF, 4.6K) |
HTML Version(2K) |
6/14/2000 |
| Real Estate Mortgage Investment Conduits; Reporting Requirements & Other Administrative Matters |
| This document eliminates the regulatory requirement that the issuer of a collateralized debt obligation (CDO) or regular interest in a real estate mortgage investment conduit (REMIC) set forth certain information on the face of the CDO or regular interest. This action eliminates a reporting burden imposed on issuers of CDOs and regular interests. |
| T.D. 8886(PDF, 189K) |
HTML Version(216K) |
6/12/2000 |
| Use of Actuarial Tables in Valuing Annuities, Interests for Life or Terms of Years, & Remainder or Reversionary Interests |
| This document contains final regulations relating to the
use of actuarial tables in valuing annuities, interests for life or
terms of years, and remainder or reversionary interests. These
regulations will effect the valuation of inter vivos and
testamentary transfers of interests dependent on one or more
measuring lives. Section 7520 of the Internal Revenue Code of 1986
(Code) was enacted by section 5031 of the Technical and
Miscellaneous Revenue Act of 1988 and was effective on May 1, 1989.
These regulations are necessary because section 7520(c)(3) directs
the Secretary to revise the actuarial tables used in valuing
interests dependent on mortality experience not less frequently than
once each 10 years to take into account the most recent mortality
experience available as of the time of the revision. This document
contains amendments to the regulations revising certain tables used
for the valuation of partial interests in property under section
7520 to reflect the most recent mortality experience available. |
| T.D. 8887(PDF, 15K) |
HTML Version(7K) |
6/8/2000 |
| Deposits of Excise Taxes |
| This document contains final regulations relating to the
availability of the safe harbor deposit rule based on look-back
quarter liability and affects persons required to make deposits of
excise taxes. This document also contains final regulations related
to floor stocks taxes and affects persons liable for those taxes.
The regulations implement changes made by the Small Business Job
Protection Act of 1996 and the Airport and Airway Trust Fund Tax
Reinstatement Act of 1997. |
| T.D. 8883(PDF, 39K) |
HTML Version(38K) |
5/25/2000 |
| Guidance Under Section 1032 Relating to the Treatment of a Disposition by An Acquiring Entity of the Stock of a Corporation in a Taxable Transaction |
| Section 1032(a) of the Internal Revenue Code provides that no gain or loss is recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury stock) of that corporation. It also provides that no gain or loss is recognized by a corporation with respect to any lapse or acquisition of an option to buy or sell its stock (including treasury stock). |
| T.D. 8884(PDF, 40K) |
HTML Version(37K) |
5/25/2000 |
| Consolidated Returns--Limitations on the Use of Certain Credits |
| This document contains final regulations regarding certain
credits of corporations that become members of a consolidated group.
The regulations provide rules for computing the limitation with
respect to certain credits earned in a separate return limitation
year (SRLY) and the carryover and carryback of those credits to
consolidated and separate return years. The regulations also
eliminate the application of the SRLY rules in certain circumstances
in which the rules of section 383 also apply. |
| T.D. 8885(PDF, 13K) |
HTML Version(11K) |
5/19/2000 |
| The Solely for Voting Stock Requirement in Certain Corporate Reorganizations |
| This document contains final regulations relating to the
solely for voting stock requirement in certain corporate
reorganizations under section 368(a)(1)(C). The final regulations
provide that a prior acquisition of a target corporation's stock by
an acquiring corporation generally will not prevent the solely for
voting stock requirement in a A C @ reorganization of the target
corporation and the acquiring corporation from being satisfied. They
affect persons engaging in certain transactions occurring after
December 31, 1999. |
| T.D. 8882(PDF, 10K) |
HTML Version(4K) |
5/16/2000 |
| Reorganizations; Nonqualified Preferred Stock |
| This document contains final regulations relating to nonqualified preferred stock and rights to acquire nonqualified preferred stock. The regulations are necessary to reflect changes to the law concerning these instruments that were made by the Taxpayer Relief Act of 1997. The regulations affect shareholders who receive nonqualified preferred stock, or rights to acquire such stock, in certain corporate reorganizations and divisions. |
| T.D. 8880(PDF, 30K) |
HTML Version(21K) |
4/25/2000 |
| Relief From Disqualification for Plans Accepting Rollovers |
| This document contains final regulations under section
401(a)(31) of the Internal Revenue Code. These final regulations
provide specific rules that grant relief from disqualification to an
eligible retirement plan that inadvertently accepts an invalid
rollover contribution. The final regulations also clarify that it is
not necessary for a distributing plan to have a favorable IRS
determination letter in order for a plan administrator of a
receiving plan to reach a reasonable conclusion that a contribution
is a valid rollover contribution. |
| REG-117162-99(PDF, 49K) |
HTML Version(34K) |
4/21/2000 |
| Tax Treatment of Cafeteria Plans |
| This document withdraws portions of the notice of proposed
rulemaking published in the Federal Register on March 7, 1989 and
amends proposed regulations under section 125. These proposed
regulations clarify the circumstances under which a section 125
cafeteria plan election may be changed. The proposed regulations
permit an employer to allow a section 125 cafeteria plan participant
to revoke an existing election and make a new election during a
period of coverage for accident or health coverage, group-term life
insurance coverage, dependent care assistance, and adoption
assistance. |
| REG-209753-95(PDF, 5K) |
HTML Version(1K) |
4/5/2000 |
| Diesel Fuel Excise Tax; Dye Injection Systems |
| This document withdraws the notice of proposed rulemaking
as it relates to diesel fuel dye injection systems, which was
published on March 14, 1996. It affects certain enterers, refiners,
terminal operators, and throughputters. |
| REG-107872-99(PDF, 38K) |
HTML Version(41K) |
4/5/2000 |
| Coordination of Sections 755 & 1060 Relating to Allocation of Basis Adjustments Among Partnership Assets |
| This document contains proposed regulations relating to the allocation of basis adjustments among partnership assets under section 755. The proposed regulations are necessary to implement section 1060(d), which applies the residual method to certain partnership transactions. This document also provides notice of a public hearing on these proposed regulations. |
| REG-103783-00(PDF, 16K) |
HTML Version(2K) |
4/5/2000 |
| Internal Revenue Service Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, & Reference Price for Calendar Year |
| Section 29 Nonconventional Source Fuel Credit/ Inflation Adjustment Factor Reference Price This notice publishes the section 29 nonconventional source fuel credit, inflation adjustment factor, and reference price for calendar year 1999. These data are used to determine under section 29 of the Internal Revenue Code the credit allowable on fuel produced from a nonconventional source. The inflation factor is calculated using GNP Implicit Price Deflators as computed and published by the Department of Commerce. The inflation factor for 1999, which is smaller than the factor published for 1998. |
| T.D. 8879(PDF, 144K) |
HTML Version(99K) |
3/31/2000 |
| Kerosene Tax; Aviation Fuel Tax; Taxable Fuel Measurement & Reporting; Tax on Heavy Trucks & Trailers; Highway Vehicle Use Tax |
| This document contains final regulations relating to the
kerosene and aviation fuel excise taxes, the tax on the use of
certain highway vehicles, and the tax on the first retail sale of
certain tractors and truck, trailer, and semitrailer chassis and
bodies (highway vehicles). The regulations relating to kerosene
affect the tax liability of certain refiners, terminal operators,
and persons that sell, buy, or use kerosene. The regulations
relating to aviation fuel affect certain producers and retailers of
aviation fuel. The regulations relating to the taxes on highway
vehicles affect vehicle manufacturers, dealers, and owners. |
| REG-109101-98(PDF, 71K) |
HTML Version(58K) |
3/30/2000 |
| Special Rules Regarding Optional Forms of Benefit Under Qualified Retirement Plans |
| This document contains proposed regulations that would
permit qualified defined contribution plans to be amended to
eliminate some alternative forms in which an account balance can be
paid under certain circumstances, and would permit certain transfers
between defined contribution plans that are not permitted under
regulations now in effect. These proposed regulations affect
qualified retirement plan sponsors, administrators, and
participants. This document also provides notice of a public hearing
on these proposed regulations. |
| T.D. 8878(PDF, 64K) |
HTML Version(42K) |
3/23/2000 |
| Tax Treatment of Cafeteria Plans |
| This document contains final regulations relating to
section 125 cafeteria plans. The final regulations clarify the
circumstances under which a section 125 cafeteria plan election may
be changed. The final regulations permit an employer to allow a
section 125 cafeteria plan participant to revoke an existing
election and make a new election during a period of coverage for
accident or health coverage or group-term life insurance coverage. |
| Notice 2000-14(PDF, 6K) |
HTML Version(6K) |
3/14/2000 |
| Administrative, Procedural & Miscellaneous Review of Issues Raised By "New Comparability" |
| Notice 2000-14, comments on "new comparability" plans This document states that the Internal Revenue Service and the Treasury Department are undertaking a review of issues posed by "new comparability" retirement plans and invite public comments. The notice was issued because the Service and Treasury believe it is appropriate at this time to review the effect of these rapidly evolving retirement plan designs with the benefit of comments from plan sponsors, plan participants, and other interested parties. |
| REG-209601-92(PDF, 67K) |
HTML Version(48K) |
3/2/2000 |
| Taxation of Tax-Exempt Organizations' Income from Corporate Sponsorship |
| This document contains proposed regulations relating to the
tax treatment of sponsorship payments received by exempt
organizations. The Taxpayer Relief Act of 1997 amended the Internal
Revenue Code to provide that unrelated trade or business does not
include the activity of soliciting and receiving qualified sponsorship payments. This action affects exempt organizations that
receive sponsorship payments. This document provides notice of a
public hearing on these proposed regulations. This document also
withdraws proposed rules published on January 22, 1993. |
| REG-103841-99(PDF, 33K) |
HTML Version(33K) |
2/17/2000 |
| GST Issues |
| This document contains proposed regulations relating to the application of the effective date rules of the generation-skipping transfer (GST) tax imposed under chapter 13 of the Internal Revenue
Code. The proposed regulations provide guidance with respect to the type of trust modifications that will not affect the exempt status of a trust. In addition, the proposed regulations clarify the
application of the effective date rules in the case of property transferred pursuant to the exercise of a general power of appointment. |
| T.D. 8873(PDF, 75K) |
HTML Version(57K) |
2/9/2000 |
| New Technologies in Retirement Plans |
| This document contains amendments to the regulations
governing certain notices and consents required in connection with
distributions from retirement plans. Specifically, these regulations
set forth applicable standards for the transmission of those notices
and consents through electronic media and modify the timing
requirements for providing certain distribution-related notices. The
regulations provide guidance to plan sponsors and administrators by
interpreting the notice and consent requirements in the context of
the electronic administration of retirement plans. The regulations
affect retirement plan sponsors, administrators, and participants. |
| REG-103882-99(PDF, 8K) |
HTML Version(7K) |
2/9/2000 |
| Depletion; treatment of delay rental |
| This document contains proposed amendments conforming regulations relating to delay rental to the requirements of section 263A relating to capitalization and inclusion in inventory of costs
of certain expenses. Changes to the applicable law were made by the Tax Reform Act of 1986 and the Technical and Miscellaneous Revenue Act of 1988. The proposed regulations provide the public with guidance concerning the application of section 263A to delay rental. |
| T.D. 8874(PDF, 36K) |
HTML Version(26K) |
2/5/2000 |
| Travel & Tour Activities of Tax-Exempt Organizations |
| This document contains final regulations clarifying when
the travel and tour activities of tax-exempt organizations are
substantially related to the purposes for which exemption was
granted. This action provides needed guidance for tax-exempt
organizations concerning when travel tour activities may be subject
to tax as an unrelated trade or business. This action affects tax-
exempt organizations that engage in travel tour activities. |
| T.D. 8871(PDF, 16K) |
HTML Version(10K) |
2/5/2000 |
| Remedial Amendment Period |
| This document contains regulations relating to the remedial
amendment period, during which a sponsor of a qualified retirement
plan or an employer that maintains a qualified retirement plan can
make retroactive amendments to the plan to eliminate certain
qualification defects for the entire period. These final regulations
clarify the scope of the Commissioner's authority to provide relief
from plan disqualification under the regulations. These
clarifications confirm the Commissioner's authority to provide
appropriate relief for plan amendments relating to changes to the
plan qualification rules made in recent legislation. These final
regulations affect sponsors of qualified retirement plans, employers
that maintain qualified retirement plans, and qualified retirement
plan participants.
EFFECTIVE |
| REG-105279-99(PDF, 35K) |
HTML Version(27K) |
2/5/2000 |
| Extension of Due Date for Electronically Filed Information Returns; Limitation of Failure to Pay Penalty for Individuals During Period of Installment Agreement |
| This document contains proposed regulations implementing section 6071(b) relating to the extension of the due date for certain electronically filed information returns. The regulations also provide rules under section 6651(h) relating to a penalty reduction for certain individuals who have agreed with the IRS to make installment payments in satisfaction of their tax liability. The regulations relating to extension of filing dates affect payors
required to file information returns after December 31, 1999. The regulations relating to penalty reduction affect individual taxpayers with installment agreements in effect during months
beginning after December 31, 1999. |
| T.D. 8870(PDF, 43K) |
HTML Version(29K) |
2/4/2000 |
| General Rules for Making & Maintaining Qualified Electing Fund Elections |
| This document contains final regulations that provide
guidance to a passive foreign investment company (PFIC) shareholder
that makes the election under section 1295 (section 1295 election)
to treat the PFIC as a qualified electing fund (QEF), and for PFIC
shareholders that wish to make a section 1295 election that will
apply on a retroactive basis (retroactive election). In addition,
this document contains a final regulation that provides guidance
under section 1291 to a PFIC shareholder that is a tax-exempt
organization. |
| REG-100276-97(PDF, 288K) |
HTML Version(153K) |
2/4/2000 |
| Financial Asset Securitization Investment Trusts; Real Estate Mortgage Investment Conduits |
| This document contains proposed regulations relating to financial asset securitization investment trusts (FASITs). This action is necessary because of changes to the applicable tax law made by the Small Business Job Protection Act of 1996. The proposed regulations affect FASITs and their investors. This document also contains proposed regulations relating to real estate mortgage investment conduits (REMICs). This document provides notice of a public hearing on the proposed regulations. |
| T.D. 8867(PDF, 23K) |
HTML Version(23K) |
2/2/2000 |
| Passive Foreign Investment Companies; Definition of marketable stock |
| This document contains final regulations under section 1296
relating to the new mark-to-market election for stock of a passive
foreign investment company (PFIC). The final regulations interpret
changes made by the Taxpayer Relief Act of 1997. The final
regulations affect persons holding PFIC stock that is regularly
traded on certain U.S. or foreign exchanges or markets or holding
stock in certain PFICs comparable to U.S. regulated investment
companies (RICs). |
| REG-113572-99(PDF, 80K) |
HTML Version(62K) |
2/2/2000 |
| Qualified Transportation Fringe Benefits |
| This document contains proposed regulations relating to
qualified transportation fringe benefits. These proposed regulations
reflect changes to the law made by the Energy Policy Act of 1992,
the Taxpayer Relief Act of 1997, and the Transportation Equity Act
for the 21 Century. These proposed regulations affect st employers
that offer qualified transportation fringes and employees who
receive these benefits. This document also provides notice of a
public hearing on these proposed regulations. |
| REG-105089-99(PDF, 42K) |
HTML Version(30K) |
1/27/2000 |
| Guidance Under Section 356 Relating to the Treatment of Nonqualified Preferred Stock & Other Preferred Stock in Certain Exchanges & Distributions |
| This document contains proposed regulations providing guidance relating to nonqualified preferred stock. The proposed regulations address the effective date of the definition of nonqualified preferred stock and the treatment of nonqualified
preferred stock and similar preferred stock received by shareholders in certain reorganizations and distributions. This document also provides notice of a public hearing on these proposed regulations. |
| T.D. 8865(PDF, 200K) |
HTML Version(178K) |
1/27/2000 |
| Amortization of Intangible Property |
| This document contains final regulations relating to the
amortization of certain intangible property. The final regulations
reflect changes to the law made by the Omnibus Budget Reconciliation
Act of 1993 (OBRA '93) and affect taxpayers who acquired intangible
property after August 10, 1993, or made a retroactive election to
apply OBRA '93 to intangibles acquired after July 25, 1991. |
| T.D. 8864(PDF, 23K) |
HTML Version(21K) |
1/27/2000 |
| Substantiation of Business Expenses |
| This document contains final and temporary Income Tax
Regulations that provide rules for the substantiation of certain
business expenses under sections 62 and 274 of the Internal Revenue
Code (Code). Individuals and other taxpayers who claim or reimburse
certain business expenses will be affected by these regulations. |
| REG-100163-00(PDF, 32K) |
HTML Version(34K) |
1/27/2000 |
| Applying Section 197 To Partnerships |
| This document contains proposed regulations relating to the amortization of certain intangible property to partnership transactions involving sections 732(b) and 734(b). The proposed regulations interpret the provisions of section 197(f)(9), reflecting changes to the law made by the Omnibus Budget Reconciliation Act of 1993 (OBRA '93) and affect taxpayers who acquired intangible property after August 10, 1993, or made a retroactive election to apply OBRA '93 to intangibles acquired after July 25, 1991. This document also provides a notice of public hearing on these proposed regulations. |
| T.D. 8869(PDF, 85K) |
HTML Version() |
1/25/2000 |
| Subchapter S Subsidiaries |
| This document contains final regulations that relate to the
treatment of corporate subsidiaries of S corporations and interpret
the rules added to the Internal Revenue Code by section 1308 of the
Small Business Job Protection Act of 1996. These regulations provide
the public with guidance needed to comply with applicable law and
will affect S corporations and their shareholders. |
| REG-116048-99(PDF, 10K) |
HTML Version(8K) |
1/24/2000 |
| Stock Transfer Rules: Supplemental Rules |
| This document proposes, by cross-reference to temporary
regulations, amendments to the final regulations concerning the
Federal tax treatment of certain exchanges subject to section 367(b)
of the Internal Revenue Code (Code). The temporary regulations,
published in the Rules and Regulations section of this issue of the
Federal Register, provide an election for certain taxpayers engaged
in certain exchanges described in section 367(b). The temporary
regulations provide guidance for taxpayers that make the specified
election in order to determine the extent to which income must be
included and certain corresponding adjustments must be made. |
| T.D. 8868(PDF, 22K) |
HTML Version(24K) |
1/24/2000 |
| Termination of Puerto Rico & Possession Tax Credit; New Lines of Business Prohibited |
| This document amends the Income Tax Regulations by removing
temporary regulations that provide guidance regarding the addition
of a substantial new line of business by a possessions corporation
that is an existing credit claimant and adding final regulations.
These regulations are necessary to implement changes made by the
Small Business Job Protection Act of 1996. |
| T.D. 8863(PDF, 18K) |
HTML Version(15K) |
1/24/2000 |
| Stock Transfer Rules: Supplemental Rules |
| This document contains temporary regulations that provide
an election for certain taxpayers engaged in certain exchanges
described in section 367(b). These regulations provide guidance for
taxpayers that make the specified election in order to determine the
extent to which income must be included and certain corresponding
adjustments must be made. The text of the temporary regulations also
serves as the text of the proposed regulations set forth in the
notice of proposed rulemaking on this subject in the Proposed Rules
section of this issue of the Federal Register. |
| T.D. 8862(PDF, 139K) |
HTML Version(159K) |
1/24/2000 |
| Stock Transfer Rules |
| This document contains final regulations addressing the
application of nonrecognition exchange provisions in Subchapter C of
the Internal Revenue Code to transactions that involve one or more
foreign corporations. These regulations provide guidance for
taxpayers engaging in those transactions in order to determine the
extent to which income shall be included and appropriate
corresponding adjustments shall be made. |
| T.D. 8866(PDF, 11K) |
HTML Version(9K) |
1/24/2000 |
| Equity Options With Flexible Terms; Special Rules & Definitions |
| The final regulations provide guidance to taxpayers about the effect of terms established by equity options with flexible terms upon the definition of a qualified covered call for equity options with standard terms. This guidance is necessary to deal with the creation of equity options with flexible terms, which did not exist at the time qualified covered calls were first defined by Congress. |
| REG-208254-90(PDF, 19K) |
HTML Version(20K) |
1/21/2000 |
| Source of Compensation for Labor or Personal Services |
| This document contains a proposed Income Tax Regulation
describing the appropriate basis for determining the source of
income from labor or personal services performed partly within and
partly without the United States. This proposed regulation would
modify the existing final regulation under section 861 of the
Internal Revenue Code (Code). This regulation would affect foreign
and United States persons that perform services partly within and
partly without the United States during the taxable year. This
document also provides a notice of a public hearing on this proposed
regulation. |
| T.D. 8859(PDF, 63K) |
HTML Version(45K) |
1/18/2000 |
| Compliance Monitoring & Miscellaneous Issues Relating to the Low-Income Housing Credit |
| This document contains final regulations regarding the
procedures for compliance monitoring by state and local housing
agencies (Agencies) with the requirements of the low-income housing
credit; the requirements for making carryover allocations; the rules
for Agencies' correction of administrative errors or omissions; and
the independent verification of information on sources and uses of
funds submitted by taxpayers to Agencies. These final regulations
affect owners of low-income housing projects who claim the credit
and the Agencies who administer the credit. |
| REG-103831-99(PDF, 29K) |
HTML Version(18K) |
1/13/2000 |
| Allocation of Partnership Debt |
| This document contains proposed regulations relating to the allocation of nonrecourse liabilities by a partnership. The proposed regulations revise tier three of the three-tiered allocation structure contained in the current nonrecourse liability
regulations, and also provide guidance regarding the allocation of a single nonrecourse liability secured by multiple properties. This document also contains a notice of public hearing on these proposed regulations. |
| T.D. 8860(PDF, 52K) |
HTML Version(26K) |
1/13/2000 |
| Treatment of Income & Expense From Certain Hyperinflationary, Nonfunctional Currency Transactions & Certain Notional Principal Contracts |
| This document contains final regulations regarding the
treatment of income and deductions arising from certain foreign
currency transactions denominated in hyperinflationary currencies
and coordinates section 988 with the section 446 regulations
pertaining to significant nonperiodic payments. These regulations
are intended to prevent distortions in computing income and
deductions of taxpayers who enter into certain transactions in
hyperinflationary currencies, and nonfunctional currency, notional
principal contracts with significant nonperiodic payments. |
| REG-116567-99(PDF, 21K) |
HTML Version(9K) |
1/13/2000 |
| Definition of Hyperinflationary Currency for Purposes of Section 988 |
| This document contains proposed regulations concerning when
a currency will be considered hyperinflationary for purposes of
section 988. These regulations are intended to prevent distortions
associated with the computation of income and expense arising from
section 988 transactions denominated in hyperinflationary
currencies. This document also provides notice of a public hearing
on these regulations. |
| T.D. 8861(PDF, 42K) |
HTML Version(29K) |
1/13/2000 |
| Private Foundation Disclosure Rules |
| This document contains final regulations that amend the
regulations relating to the public disclosure requirements described
in section 6104(d) of the Internal Revenue Code. These final
regulations implement changes made by the Tax and Trade Relief
Extension Act of 1998, which extended to private foundations the
same rules regarding public disclosure of annual information returns
that apply to other tax-exempt organizations. These final
regulations provide guidance for private foundations required to
make copies of applications for recognition of exemption and annual
information returns available for public inspection and to comply
with requests for copies of those documents. |
| REG-111119-99(PDF, 53K) |
HTML Version(63K) |
1/11/2000 |
| Partnership Mergers & Divisions |
| This document contains proposed regulations on the tax
consequences of partnership mergers and divisions. The proposed
regulations affect partnerships and their partners. This document
also contains a notice of public hearing on these proposed
regulations. |
| T.D. 8855(PDF, 36K) |
HTML Version(26K) |
1/7/2000 |
| Communications Excise Tax; Prepaid Telephone Cards |
| This document contains final regulations relating to the
application of the communications excise tax to prepaid telephone
cards (PTCs). The regulations implement certain changes made by the
Taxpayer Relief Act of 1997. They affect certain telecommunications
carriers, resellers, and purchasers of PTCs. |
| REG-103827-99(PDF, 17K) |
HTML Version(6K) |
1/7/2000 |
| Deposits of Excise Taxes |
| This document invites comments from the public on issues that the IRS may address in proposed regulations relating to the requirements for excise tax returns and deposits. All materials submitted will be available for public inspection and copying. |
| T.D. 8853(PDF, 53K) |
HTML Version(59K) |
1/7/2000 |
| Recharacterizing Financing Arrangements Involving Fast-pay Stock |
| This document contains final regulations that
recharacterize, for tax purposes, financing arrangements involving
fast-pay stock. The regulations are necessary to prevent taxpayers
from using fast-pay stock to achieve inappropriate tax avoidance.
The regulations affect corporations that issue fast-pay stock,
holders of fast-pay stock, and other shareholders that may claim tax
benefits purported to result from arrangements involving fast-pay
stock. |
| T.D. 8858(PDF, 298K) |
HTML Version(219K) |
1/6/2000 |
| Purchase Price Allocations in Deemed & Actual Asset Acquisitions |
| This document contains temporary regulations relating to
the allocation of purchase price in deemed and actual asset
acquisitions. The temporary regulations determine the amount
realized and the amount of basis allocated to each asset transferred
in a deemed or actual asset acquisition and affect transactions
reported on either Form 8023 or Form 8594. The intended effect of
the temporary regulations is to remove and replace many of the
current temporary and final regulations sections under sections 338
and 1060 and renumber others. |
| T.D. 8857(PDF, 53K) |
HTML Version(62K) |
1/6/2000 |
| Determination of Underwriting Income |
| This document contains final regulations relating to the
determination of underwriting income by insurance companies other
than life insurance companies. In computing underwriting income,
non-life insurance companies are required to reduce by 20 percent
their deductions for increases in unearned premiums. This
requirement was enacted as part of the Tax Reform Act of 1986. These
regulations provide guidance to non-life insurance companies for
purposes of determining the amount of unearned premiums that are
subject to the 20 percent reduction rule. |
| T.D. 8854(PDF, 18K) |
HTML Version(9K) |
1/6/2000 |
| Disclosures of Return Information to Officers & Employees of the Department of Agriculture for Certain Statistical Purposes & Related Activities |
| This document provides a temporary regulation relating to
the disclosure of return information to officers and employees of
the Department of Agriculture for certain statistical purposes and
related activities. The temporary regulation would permit the IRS to
disclose return information to the Department of Agriculture to
structure, prepare, and conduct the Census of Agriculture. The text
of this temporary regulation also serves as the text of the proposed
regulation set forth in the notice of proposed rulemaking on this
subject in the Proposed Rules section of this issue of the Federal
Register. |
