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IRS to Remove Documentation Requirements from Section 385 Debt-Equity Regs

|Proposed Changes|United States
United States

On 24 September 2018, a notice of proposed rulemaking (REG-130244-17) from the U.S. Department of the Treasury was published in the Federal Register. The notice announces the proposed removal of the documentation requirements under Section 385 that ordinarily must be satisfied in order for certain related-party interests in a corporation to be treated as indebtedness for federal tax purposes (D…

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