2001 Regulations
"Regulations" are the IRS Commissioner's rules, approved by the Secretary of the Treasury, or the Secretary's delegate, for the application and administration of the Internal Revenue laws. The purpose of regulations is to provide taxpayers, their representatives, and Service personnel with rules of general application so they may clearly understand the taxpayer's rights and duties under the law.
For more information about Regulations, see the Guide to Understanding the Differences Among Official IRS Documents
Regulations are in the Adobe Acrobat PDF format.
Internal Revenue Bulletin Summary pages are in HTML format.
| Regulation |
Bulletin |
Date of IRB |
Cross-Ref |
 |
| REG-251701-96(PDF, 72K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
N/A |
| Proposed regulations under sections 641 and 1361 of the Code relate to the taxation of electing small business trusts (ESBTs). A public hearing is scheduled for April 25, 2001. |
| REG-246256-96(PDF, 20K) |
IRB #2001-8(HTML) |
Feb. 20, 2001 |
T.D. 8920(PDF, 20K) |
| Temporary and proposed regulations under section 4958 of the Code add details to the definitions and rules of section 4958. Section 4958 imposes excise taxes on excess benefit transactions between a section 501(c)(3) or 501(c)(4) organization (except a private foundation) and a person with substantial influence over the affairs of the organization. |
| REG-209461-79(PDF, 11K) |
IRB #2001-8(HTML) |
Feb. 20, 2001 |
N/A |
| Partial withdrawal of, and amendments to, the notices of proposed rulemaking that relate to the tax treatment of cafeteria plans under section 125 of the Code. |
| REG-142686-01(PDF, 49K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
N/A |
| Proposed regulations provide that for purposes of the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA), at the time of the exercise of a statutory stock option (i.e., an incentive stock option under section 422 of the Code or an option granted pursuant to an employee stock purchase plan under section 423 of the Code), the individual who was granted the statutory stock option receives wages. Therefore, FICA tax and FUTA tax are applicable at that time; however, income tax withholding is not required. A public hearing is scheduled for March 7, 2002. |
| REG-142499-01(PDF, 57K) |
IRB #2001-45(HTML) |
Nov. 5, 2001 |
N/A |
| Catch-up contributions for individuals age 50 or over. Proposed regulations under section 414(v) of the Code provide guidance concerning the requirements for retirement plans providing catch-up contributions for individuals age 50 or over. A public hearing is scheduled for February 21, 2002. |
| REG-137519-01(PDF, 19K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
N/A |
| Proposed amendments relate to the consolidated return regulations dealing with the nonapplicability of section 357(c) of the Code in a consolidated group. A public hearing is scheduled for March 21, 2002. |
| REG-130481-00(PDF, 130K) |
IRB #2001-11(HTML) |
March 12, 2001 |
N/A |
| Proposed regulations under sections 457 and 403(b) of the Code provide comprehensive rules for determining required minimum distributions for qualified plans, tax-sheltered annuities, and individual retirement plans. This is the corrected version of the proposed regulations published in the Federal Register on January 17, 2001. A public hearing is scheduled for June 1, 2001. |
| REG-130477-00(PDF, 130K) |
IRB #2001-11(HTML) |
March 12, 2001 |
REG-130481-00(PDF, 130K) |
| Proposed regulations under sections 457 and 403(b) of the Code provide comprehensive rules for determining required minimum distributions for qualified plans, tax-sheltered annuities, and individual retirement plans. This is the corrected version of the proposed regulations published in the Federal Register on January 17, 2001. A public hearing is scheduled for June 1, 2001. |
| REG-129608-00(PDF, 40K) |
IRB #2001-14(HTML) |
April 9, 2001 |
N/A |
| Proposed regulations under section 7476 of the Code set forth new standards for satisfying the notice to interested parties requirement with respect to an application for a determination letter. |
| REG-126485-01(PDF, 32K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
N/A |
| Proposed regulations define the term statutory merger or consolidation as that term is defined in section 368(a)(1)(A) of the Code. This would permit certain transactions involving disregarded entities to qualify as statutory mergers or consolidations. A public hearing is scheduled for March 13, 2002. |
| REG-126100-00(PDF, 21K) |
IRB #2001-11(HTML) |
March 12, 2001 |
N/A |
| Guidance is provided on the reporting requirements for interest on deposits maintained at the U.S. office of certain financial institutions and paid to nonresident alien individuals. These proposed regulations affect persons making payments of interest with respect to such a deposit. A public hearing is scheduled for March 21, 2001. |
| REG-125237-00(PDF, 41K) |
IRB #2001-12(HTML) |
March 19, 2001 |
N/A |
| Proposed regulations under section 1275 of the Code provide guidance on the treatment of annuity contracts issued by an insurance company subject to tax under subchapter L. A public hearing is scheduled for May 30, 2001. |
| REG-125161-01(PDF, 17K) |
IRB #2001-48(HTML) |
Nov. 26, 2001 |
N/A |
| Proposed regulations under section 446 of the Code confirm that the timing rules of the intercompany transaction regulations are a method of accounting. |
| REG-121928-98(PDF, 16K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
T.D. 8922(PDF, 16K) |
| Temporary and proposed regulations provide guidance relating to the recovery of attorney's fees and other costs where a qualified offer has been made under section 7430 of the Code. A public hearing on the proposed regulations is scheduled for May 23, 2001. |
| REG-121109-00(PDF, 31K) |
IRB #2001-15(HTML) |
April 19, 2001 |
T.D. 8943(PDF, 31K) |
| Temporary and proposed regulations under section 6103 of the Code authorize the IRS to disclose return information to the Bureau of the Census. |
| REG-119352-00(PDF, 17K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
T.D. 8919(PDF, 17K) |
| Temporary and proposed regulations provide guidance under section 1502 of the Code regarding the time for filing an application for a tentative carry back adjustment by consolidated groups and by certain new members of consolidated groups. A public hearing on the proposed regulations is scheduled for April 26, 2001. |
| REG-116468-00(PDF, 24K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
N/A |
| Proposed regulations under section 420(c)(3) of the Code clarify the circumstances under which an employer is considered to have significantly reduced retiree health coverage during the cost maintenance period. A public hearing is scheduled for March 15, 2001. |
| REG-115560-99(PDF, 44K) |
IRB #2001-14(HTML) |
April 9, 2001 |
N/A |
| Proposed regulations under section 1092 of the Code concern qualified covered call treatment for equity options with flexible terms, equity options with standardized terms, and certain qualifying over-the-counter equity options. A public hearing is scheduled for May 9, 2001. |
| REG-114998-99(PDF, 34K) |
IRB #2001-14(HTML) |
April 9, 2001 |
T.D. 8941(PDF, 34K) |
| Final regulations under section 142(f)(4) of the Code provide rules for making the election to terminate tax-exempt bond financing for certain local furnishers. Temporary and proposed regulations under section 141 of the Code relate to special rules for output facilities. A public hearing on the proposed regulations is scheduled for July 24, 2001. |
| REG-114084-00(PDF, 87K) |
IRB #2001-7(HTML) |
Feb. 12, 2001 |
N/A |
| Proposed regulations provide guidance on the exception for bona fide wellness programs to the HIPAA nondiscrimination requirements for group health plans. Public comments are requested and must be received by April 9, 2001. |
| REG-114083-00(PDF, 20K) |
IRB #2001-7(HTML) |
Feb. 12, 2001 |
N/A |
| Proposed regulations provide guidance on the limited exception for certain church plans to the HIPAA nondiscrimination requirements for group health plans. Public comments are requested and must be received by April 9, 2001. |
| REG-114082-00(PDF, 16K) |
IRB #2001-7(HTML) |
Feb. 12, 2001 |
T.D. 8931(PDF, 16K) |
| Temporary and proposed regulations provide interim guidance on the HIPAA requirements for group health plans not to establish any rule of eligibility based on a health factor of any individual and not to charge any individual a greater premium or contribution based on a health factor than any similarly situated individual. T.D. 8931 also contains final regulations for guidance on the HIPAA nondiscrimination requirements. Public comments on the proposed regulations are requested and must be received by April 9, 2001. |
| REG-111835-99(PDF, 137K) |
IRB #2001-11(HTML) |
March 12, 2001 |
N/A |
| Proposed regulations relate to practice before the Internal Revenue Service (Circular 230). These regulations would affect individuals who are eligible to practice before the Service. The proposed modifications would clarify the general standards of practice before the Service and would modify the standards for providing advice regarding tax shelters. A public hearing is scheduled for May 2, 2001. |
| REG-110659-00(PDF, 42K) |
IRB #2001-12(HTML) |
March 19, 2001 |
N/A |
| Proposed regulations address the adoption of a plan of liquidation requirement under section 332 of the Code when an association makes an entity classification election to be treated as a partnership or disregarded as an entity separate from its owner. |
| REG-110374-00(PDF, 43K) |
IRB #2001-12(HTML) |
March 19, 2001 |
N/A |
| Proposed regulations under section 6205 of the Code provide guidance on when employers that have paid less than the correct amount of employment taxes are entitled to interest free adjustments when the underpayment is discovered during an IRS examination involving a determination by the Service that workers are employees under subtitle C or that the employer is not entitled to relief under section 530 of the Revenue Act of 1978. |
| REG-109481-99(PDF, 51K) |
IRB #2001-13(HTML) |
March 26, 2001 |
N/A |
| Proposed regulations under section 417 of the Code relate to the special rule added by section 1451 of the Small Business Job Protection Act of 1996 which permits the required written explanation of certain annuity benefits to be provided by qualified retirement plans after the annuity starting date. |
| REG-107566-00(PDF, 97K) |
IRB #2001-3(HTML) |
Jan. 16, 2001 |
N/A |
| Proposed regulations under section 355(e) of the Code generally require corporations to recognize gain on certain distributions of stock or securities of a subsidiary corporation if the distribution is part of a plan that also involves the acquisition by one or more persons of a 50 percent or greater interest in the corporation making the distribution or the corporation being distributed. A public hearing is scheduled for May 15, 2001. |
| REG-107186-00(PDF, 41K) |
IRB #2001-13(HTML) |
March 26, 2001 |
T.D. 8942(PDF, 41K) |
| Temporary and proposed regulations under sections 6041, 6050S, 6051, and 6714 of the Code relate to the voluntary electronic furnishing of payee statements to individuals for whom Forms W-2, 1098-E, and 1098-T are filed. A public hearing on the proposed regulations is scheduled for June 4, 2001. |
| REG-107176-00(PDF, 19K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
T.D. 8918(PDF, 19K) |
| Temporary and proposed regulations relate to the deposit of federal taxes pursuant to section 6302 of the Code. |
| REG-107175-00(PDF, 39K) |
IRB #2001-13(HTML) |
March 26, 2001 |
N/A |
| Proposed regulations under section 1031 of the Code will affect the eligibility of certain persons to serve as escrow holders of qualified escrow accounts, trustees of qualified trusts, or as qualified intermediaries. The proposed regulations amend the regulation defining a disqualified person for like-kind exchanges to take into account changes in the banking industry brought about by the enactment of the Gramm-Leach-Bliley Act in 1999. A public hearing is scheduled for June 5, 2001. |
| REG-107151-00(PDF, 32K) |
IRB #2001-43(HTML) |
Oct. 22, 2001 |
N/A |
| Proposed regulations under section 1041 of the Code relate to the tax treatment of certain redemptions, during marriage or incident to divorce, of stock owned by a spouse or former spouse. A public hearing is scheduled for December 14, 2001. |
| REG-107101-00(PDF, 50K) |
IRB #2001-16(HTML) |
April 19, 2001 |
N/A |
| Proposed regulations under section 894 of the Code relate to the eligibility for treaty benefits of items of income paid by domestic entities that are not fiscally transparent under U.S. law but are fiscally transparent under the laws of the jurisdiction of the person claiming treaty benefits (a domestic reverse hybrid entity). This is the corrected version of what was published in the Federal Register on February 27, 2001. A public hearing is scheduled for June 26, 2001. |
| REG-107047-00(PDF, 81K) |
IRB #2001-14(HTML) |
April 9, 2001 |
N/A |
| Proposed regulations under section 1221 of the Code relate to the determination of the character of gain or loss from hedging transactions. A public hearing is scheduled for May 16, 2001. |
| REG-106917-99(PDF, 99K) |
IRB #2001-27(HTML) |
July 2, 2001 |
N/A |
| Proposed regulations relate to certain adoptions, changes, and retentions of annual accounting periods. The proposed regulations primarily affect taxpayers that want to adopt an annual accounting period under section 441 of the Code or that must receive approval from the Commissioner to adopt, change, or retain their annual accounting periods under section 442 of the Code. Rev. Ruls. 57-589, 65-316, 68-125, 69-563, 74-326, and 78-179 obsoleted. A public hearing is scheduled for October 2, 2001. |
| REG-106892-00(PDF, 44K) |
IRB #2001-15(HTML) |
April 19, 2001 |
N/A |
| Proposed regulations under section 6302 of the Code relate to tax returns, payments, and deposits of excise tax. |
| REG-106791-00(PDF, 16K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
T.D. 8924(PDF, 16K) |
| Temporary, final, and proposed regulations under section 301 of the Code relate to the assumption of liabilities in certain corporate transactions. A public hearing on the proposed regulations is scheduled for May 31, 2001. |
| REG-106702-00(PDF, 31K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
N/A |
| Proposed regulations under section 705 of the Code provide guidance for making basis adjustments necessary to coordinate sections 705 and 1032 of the Code in situations in which a corporation acquires an interest in a partnership that holds stock in that corporation. A public hearing is scheduled for May 3, 2001. |
| REG-106542-98(PDF, 57K) |
IRB #2001-5(HTML) |
Jan. 29, 2001 |
N/A |
| Proposed regulations relate to an election under section 645 of the Code to have certain revocable trusts treated and taxed as part of an estate. A public hearing is scheduled for February 21, 2001. |
| REG-106513-00(PDF, 64K) |
IRB #2001-16(HTML) |
April 19, 2001 |
N/A |
| Proposed regulations under section 643 of the Code and related sections relate to the definition of income for trust purposes. A public hearing is scheduled for June 8, 2001. |
| REG-106446-98(PDF, 110K) |
IRB #2001-13(HTML) |
March 26, 2001 |
N/A |
| Proposed regulations under section 6015 of the Code provide guidance to married taxpayers who elected to file a joint return and are seeking relief from joint and several liability. A public hearing is scheduled for May 30, 2001. |
| REG-106431-01(PDF, 26K) |
IRB #2001-37(HTML) |
Sept. 10, 2001 |
N/A |
| Proposed regulations under section 1361 of the Code pro-vide guidance regarding a qualified subchapter S trust elec-tion for testamentary trusts and the period for which former subpart E trusts and testamentary trusts may be permitted shareholders of an S corporation. |
| REG-106030-98(PDF, 75K) |
IRB #2001-11(HTML) |
March 12, 2001 |
N/A |
| Proposed regulations under sections 863(a), (d), and (e) of the Code provide rules for sourcing income of U.S. and foreign persons from space and ocean activity and from communications activity. A public hearing is scheduled for March 28, 2001. |
| REG-105946-00(PDF, 62K) |
IRB #2001-16(HTML) |
April 19, 2001 |
N/A |
| Proposed regulations under section 460 of the Code provide guidance regarding changes in the taxpayer accounting for a long-term contract that has been accounted for under a long-term contract method. A public hearing is scheduled for June 13, 2001. |
| REG-105801-00(PDF, 100K) |
IRB #2001-13(HTML) |
March 26, 2001 |
N/A |
| Proposed regulations under section 263(g) of the Code provide guidance on capitalization of interest and carrying charges that are properly allocable to personal property that is part of a straddle. An amendment to section 1.1092(d)-1 is also proposed to clarify the status of contingent payment debt instruments. A public hearing is scheduled for May 22, 2001. |
| REG-104876-00(PDF, 46K) |
IRB #2001-14(HTML) |
April 9, 2001 |
N/A |
| Proposed regulations under section 706 of the Code provide guidance on determining the taxable year of a partnership with foreign partners. A public hearing is scheduled for June 6, 2001. |
| REG-104683-00(PDF, 91K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
N/A |
| Proposed regulations under section 902 of the Code provide that multi-year pooling of earnings and taxes will stop when a foreign corporation ceases to have a 10-percent domestic corporate shareholder. These regulations provide that the active rents and royalties exception from passive income treatment is no longer limited to payments from unrelated payors. The proposed regulations also include other clarifications regarding the application of section 904(d), guidance on the application of section 904(b), and guidance regarding section 904(j). A public hearing is scheduled for April 26, 2001. |
| REG-103735-00, REG-110311-98, REG-103736-00(PDF, 19K) |
IRB #2001-35(HTML) |
Aug. 27, 2001 |
T.D. 8961(PDF, 19K) |
| Temporary and proposed regulations provide the public with additional guidance to comply with the disclosure rules under section 6011(a) of the Code, the registration requirement under section 6111(d), and the list maintenance requirement under section 6112 applicable to tax shelters. |
| REG-103320-00(PDF, 15K) |
IRB #2001-8(HTML) |
Feb. 20, 2001 |
T.D. 8935(PDF, 15K) |
| Temporary and proposed regulations under section 6103 of the Code set forth the requirements and conditions under which the Service can make disclosures of returns and return information to the designee of a taxpayer pursuant to written or nonwritten requests. |
| REG-101739-00(PDF, 36K) |
IRB #2001-14(HTML) |
April 9, 2001 |
N/A |
| Proposed regulations under section 7701 of the Code (the check-the-box regulations) address the applicability of the elective federal tax classification regime to business entities wholly owned by a foreign government and to wholly owned nonbank entities of foreign banks. These regulations also provide that the term "entity" for purposes of section 892(a)(2)(B) of the Code includes a partnership. A public hearing is scheduled for May 16, 2001 |
| REG-101520-97(PDF, 46K) |
IRB #2001-15(HTML) |
April 19, 2001 |
N/A |
| Proposed regulations under section 6343 of the Code provide circumstances under which levied upon property will be returned and the procedures for requesting a return of property. |
| REG-100548-01(PDF, 13K) |
IRB #2001-29(HTML) |
July 16, 2001 |
N/A |
| This document withdraws proposed regulations (LR-107-84, 1984-2 C.B. 902) under section 341 of the Code that relate to collapsible corporations and proposed regulations (LR-97-79, 1984-2 C.B. 821) under section 1502 of the Code that relate to corporations filing consolidated income tax returns. |
| LR-230-76(PDF, 32K) |
IRB #2001-13(HTML) |
March 26, 2001 |
N/A |
| This document withdraws proposed regulations under section 367(c) of the Code that correspond to temporary regulations that are also being removed by T.D. 8938 in this Bulletin. These regulations are being removed because they are no longer necessary and, as a result, may be misleading. |
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