EYUS Treasury finalizes proposed Section 385 regulations with no substantive changes, leaves distribution rules in effect for now
|Tax Alerts, National/Federal Taxation, L ...|United States
In final regulations (TD 9897) issued on 13 May 2020 (the 2020 Final Regulations), the United States (US) Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) finalized proposed regulations (81 FR 72751) (the 2016 Proposed Regulations) that provide guidance for applying the Internal Revenue Code1 Section 385 regulations to qualified short-term debt instrument…
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