other · IRS · Rule · Published 2004-12-22 · Effective 2004-12-22 · 69 FR 76612
Document
Document number
04-28013
Federal Register citation
69 FR 76612
CFR reference
26 CFR 1
Type
Rule
Action
Final and temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2004-12-22
Effective date
2004-12-22
Treasury docket
TD 9170
Abstract
These temporary regulations provide guidance concerning the applicability of section 1374 to S corporations that acquire assets in carryover basis transactions from C corporations on or after December 27, 1994, and to certain corporations that terminate S corporation status and later elect again to become S corporations. 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 in this issue of the Federal Register.