Temporary Regulations on Modified Bad Debts and Dealer Assignments of Notional Principal Contracts

Summary

The IRS has issued temporary regulations providing guidance on the allowance of a deduction for partially worthless debt after modifying debt instrument terms and on assignments of notional principal contracts by dealers, affecting taxpayers in these situations.

Original source language: Federal Register — Department of the TreasuryOpen original release →

Add your company to Business Communicator

We monitor business sources and connect attention with companies, profiles and services available in Business Communicator.

Create a free company profile Explore businesses on Business Maps →

Create a free company profile →

Explore insights

Business insights →

Global Markets News Trade Regulation News Business Technology News Fintech for Business: Payments & Banking News Supply Chain News Central Bank Policy News

Related business signals

Finance & markets · 10/2/2026

Temporary Regulations for Federal Scholarship Tax Credit

The IRS has released temporary regulations for a new nonrefundable tax credit for contributions to scholarship granting organizations, effective for tax years 2027 and later, to fund elementary and secondary education scholarships.

Read summary →

Finance & markets · 10/13/2026

U.S. Department of the Treasury Publishes Venezuela Sanctions Regulations Web General License 60

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a general license (GL 60) related to Venezuela sanctions, previously made available on their website.

Read summary →

Finance & markets · 10/13/2026

U.S. Treasury Publishes Iran-Related Sector Determination

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a sector determination related to Iran, as mandated by an Executive Order issued on January 10, 2020, previously posted on OFAC's website.

Read summary →

Finance & markets · 10/9/2026

Cancellation of Hearing on Proposed Regulations Regarding Refunded Portion of Certain Federal Refundable Tax Credits

The Internal Revenue Service cancels a public hearing on proposed regulations (REG-119882-25) published in the Federal Register on August 20, 2026, regarding the application of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 to the refunded portion of certain federal refundable tax credits.

Read summary →

Finance & markets · 10/6/2026

Treasury Issues Final Rule Exempting New System of Records from Privacy Act Provisions

The Department of the Treasury has issued a final rule exempting a new system of records from certain provisions of the Privacy Act, allowing it to collect and review tips on suspected waste, fraud, and abuse in federal programs.

Read summary →