other · IRS · Rule · Published 2005-02-23 · Effective 2005-02-23 · 70 FR 8727
Document
Document number
05-3462
Federal Register citation
70 FR 8727
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2005-02-23
Effective date
2005-02-23
Treasury docket
TD 9180
Abstract
This document contains final regulations under section 1374 that provide for an adjustment to the amount that may be subject to tax under section 1374 in certain cases in which an S corporation acquires assets from a C corporation in an acquisition to which section 1374(d)(8) applies. These final regulations provide guidance to certain S corporations that acquire assets from a C corporation in a carryover basis transaction.