other · IRS · Rule · Published 2000-01-10 · Effective 1997-02-27 · 65 FR 1310
Document
Document number
00-114
Federal Register citation
65 FR 1310
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2000-01-10
Effective date
1997-02-27
Treasury docket
TD 8853
Abstract
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.