# Section 1374 Effective Dates
> **IRS** · Final regulations. · Published 2005-12-21 · Effective 2005-12-21 · 70 FR 75730
## Document
- **Document number:** 05-24283
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 70 FR 75730
- **CFR reference:** 26 CFR 1
- **Publication date:** 2005-12-21
- **Effective date:** 2005-12-21
- **Treasury docket:** TD 9236
## Abstract

This document contains final regulations that provide guidance concerning the applicability of section 1374 of the Internal Revenue Code 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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/12/21/05-24283/section-1374-effective-dates)
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