close
Share with your friends

Regulations pending OIRA review: Stock or indebtedness, interest in corporations

Stock or indebtedness, interest in corporations

OMB’s Office of Information and Regulatory Affairs (OIRA) has received for review from the U.S. Treasury Department regulations concerning the tax treatment of certain interest in corporations as stock or indebtedness.

1000

Related content

Treasury regulations that are identified as “major” regulations are subject to review by OMB’s OIRA before being issued, pursuant to Executive Order 13771.

The regulations being reviewed by OIRA are designated as being at the “prerule” stage. It is uncertain what this means, and there is scant information about these regulations provided by OIRA on its website. Tax professionals suspect that these regulations could concern section 385.

According to OIRA, the regulations received for review on October 8, 2019, are identified as:

  • RIN: 1545-BP51 -  The treatment of certain interests in corporations as stock or indebtedness

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal