Basis of Indebtedness of S Corporations to Their Shareholders
other · IRS · Rule · Published 2014-07-23 · Effective 2014-07-23 · 79 FR 42675
Document
Document number
2014-17336
Federal Register citation
79 FR 42675
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2014-07-23
Effective date
2014-07-23
Treasury docket
TD 9682
Abstract
This document contains final regulations relating to basis of indebtedness of S corporations to their shareholders. These final regulations provide that S corporation shareholders increase their basis of indebtedness of the S corporation to the shareholder only if the indebtedness is bona fide, which is determined under general Federal tax principles and depends upon all of the facts and circumstances. These final regulations affect shareholders of S corporations.