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federal_register: 96-32670

All Federal Register documents (rules, proposed rules, notices, presidential documents) from 1994 to present.

Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts
96-32670 Treatment of Obligation-Shifting Transactions Proposed Rule This document contains proposed regulations relating to the treatment of certain multiple-party financing transactions in which one party realizes income from leases or similar agreements and another party claims deductions related to that income. In order to prevent tax avoidance, the proposed regulations recharacterize these transactions in a manner that clearly reflects income. The proposed regulations affect only persons that engage in these transactions. The regulations generally do not apply to routine transactions lacking characteristics of tax avoidance. This document also provides notice of a public hearing on the proposed regulations. 1996-12-27 1996 12 https://www.federalregister.gov/documents/1996/12/27/96-32670/treatment-of-obligation-shifting-transactions https://www.govinfo.gov/content/pkg/FR-1996-12-27/pdf/96-32670.pdf Treasury Department; Internal Revenue Service 497,254 This document contains proposed regulations relating to the treatment of certain multiple-party financing transactions in which one party realizes income from leases or similar agreements and another party claims deductions related to that income. In...

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