The U.S. IRS and Treasury have issued final regulations on Treatment of Distributions of Property from a Corporation to a Shareholder (TD 9954), which were published in the Federal Register on 22 September 2021. --- SUMMARY: This document contains final regulations under section 301 of the Internal Revenue Code of 1986 (Code). These regulations update existing regulations under section 301 to reflect statutory changes made by the Technical and Miscellaneous Revenue Act of 1988, which changes provide that the amount of a distribution of property made by a corporation to its shareholder is the fair market value of the distributed...