Built-in Gains and Losses Under Section 382(h); Correction
other · IRS · Rule · Published 2007-08-01 · Effective 2007-08-01 · 72 FR 41890
Document
Document number
E7-14802
Federal Register citation
72 FR 41890
CFR reference
26 CFR 1
Type
Rule
Action
Correction to temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2007-08-01
Effective date
2007-08-01
Treasury docket
TD 9330
Abstract
This document contains a correction to temporary regulations (TD 9330) that were published in the Federal Register on Thursday, June 14, 2007 (72 FR 32792) applying to corporations that have undergone ownership changes within the meaning of section 382. These regulations provide guidance regarding the treatment of prepaid income under the built-in gain provisions of section 382(h).