Data / Federal rules / 2024-28371
Accounting for Disregarded Transactions Between a Qualified Business Unit and Its Owner
The Internal Revenue Service published this proposed rule in the Federal Register on December 11, 2024. Comments closed on March 11, 2025.
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What the agency says
This document contains proposed regulations relating to the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit. The proposed regulations include an election that is intended to reduce the compliance burden of accounting for certain disregarded transactions between a qualified business unit and its owner. This document also includes a request for comments relating to the treatment of partnerships and controlled foreign corporations.
Key facts
- Document number
- 2024-28371
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking
- Agency
- Treasury Department; Internal Revenue Service
- Published
- December 11, 2024
- Comments due
- March 11, 2025
- Dates
- Written or electronic comments and requests for a public hearing must be received by March 11, 2025.
- Docket
- REG-117213-24
- Regulation ID (RIN)
- 1545-BR37
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 9
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Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.