Treasury Identifies Eight Regulations Under Executive Order Review

The Treasury Department on 7/7/17, identified eight regulations, including Final and Temporary Regulations under Section 385 on the Treatment of Certain Interests in Corporations as Stock or Indebtedness, as imposing an undue financial burden on U.S. taxpayers or adding undue complexity to federal t...

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Bibliographic Details
Published in:Journal of Taxation 2017-09, Vol.127 (3), p.130
Main Authors: st, David L, Geils, Edwin, Grais, Susan M, Hodges, Charles E
Format: Article
Language:English
Subjects:
Executive orders
Proposals
Tax reform
Tax regulations
Technical advice memoranda
Trump, Donald J
Online Access:Get full text
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Summary:The Treasury Department on 7/7/17, identified eight regulations, including Final and Temporary Regulations under Section 385 on the Treatment of Certain Interests in Corporations as Stock or Indebtedness, as imposing an undue financial burden on U.S. taxpayers or adding undue complexity to federal tax laws. Reg. 1.6662-4(d)(3)(iii) states that, with respect to the accuracy-related penalty, private letter rulings and technical advice memoranda issued after 10/31/76 are counted in determining whether there is substantial authority for the tax treatment of an item.
ISSN:0022-4863