Installment Obligations Received From Liquidating Corporations
other · IRS · Rule · Published 1998-01-28 · Effective 1998-01-28 · 63 FR 4168
Document
Document number
98-1820
Federal Register citation
63 FR 4168
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
1998-01-28
Effective date
1998-01-28
Treasury docket
TD 8762
Abstract
This document contains final regulations relating to the use of the installment method to report the gain recognized by a shareholder who receives, in exchange for the shareholder's stock, certain installment obligations that are distributed upon the complete liquidation of a corporation. Changes to the applicable tax law were made by the Installment Sales Revision Act of 1980 and the Tax Reform Act of 1986. These regulations affect taxpayers who receive installment obligations in exchange for their stock upon the complete liquidation of a corporation.