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06 December 2019

BREAKING TAX NEWS | IRS delays application of IRC Section 987 regulations for additional year

Today, the IRS announced (Notice 2019-65) that it intends to amend the final regulations under IRC Section 987, as well as certain related provisions of the temporary regulations under that section, to delay the applicability date of those regulations by one additional year. The IRS had previously delayed the application of the IRC Section 987 regulations by one year in Notice 2018-57 and Notice 2017-57, after the regulations were identified in Notice 2017-38, (along with seven other regulations) as significant tax regulations requiring additional review under Executive Order 13789. A Tax Alert is forthcoming.

Document ID: 2019-9027

 

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