N-2022-34, intention to amend regulations under IRC 987
Internal Revenue Service (IRS) sent this bulletin at 08/15/2022 03:45 PM EDT
 |
|||
|
|||
News EssentialsIRS Resources |
Issue Number: n-22-34Inside This IssueNotice 2022-34 announces that the Department of the Treasury and the Internal Revenue Service intend to amend the regulations under section 987 to defer the applicability date of the final regulations under section 987, as well as certain related final regulations, by one additional year. The applicability date of these regulations has been deferred under prior notices to taxable years beginning after December 7, 2022. The Treasury Department and the IRS intend to amend §§1.861-9T, 1.985-5, 1.987-11, 1.988-1, 1.988-4, and 1.989(a)-1 of the 2016 final regulations and §§1.987-2 and 1.987-4 of the 2019 final regulations (the related 2019 final regulations) to provide that the 2016 final regulations and the related 2019 final regulations apply to taxable years beginning after December 7, 2023. The Notice also states that taxpayers may rely on certain related proposed regulations that cross-reference temporary regulations which have expired. Notice 2022-34 will be published in Internal Revenue Bulletin 2022-34 on Aug. 22, 2022. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |
||