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Guidance Under Sections 642 and 643 (Income Ordering Rules)

tax-irs · IRS · Rule · Published 2012-04-16 · Effective 2012-04-16 · 77 FR 22483

Document

Document number
2012-8996
Federal Register citation
77 FR 22483
CFR reference
26 CFR 1
Type
Rule
Action
Final Regulations.
Category
tax-irs
Sub-agency
IRS
Publication date
2012-04-16
Effective date
2012-04-16
Treasury docket
TD 9582

Abstract

This document contains final regulations under Internal Revenue Code (Code) section 642(c) with regard to the Federal tax consequences of an ordering provision in a trust, a will, or a provision of local law that attempts to determine the tax character of the amounts paid to a charitable beneficiary of the trust or estate. The final regulations also make conforming amendments to the regulations under section 643(a)(5). The final regulations affect estates, charitable lead trusts (CLTs), and other trusts making payments or permanently setting aside amounts for a charitable purpose.

Source

Authoritative
Federal Register document
Machine
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