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Finanse publiczne · 14/08/2013

IRS Corrects Final Regulations on Section 108(i) for Partnerships and S Corporations

The IRS has issued corrections to final regulations regarding the application of section 108(i) of the Internal Revenue Code to partnerships and S corporations, specifically addressing the deferral of discharge of indebtedness income and original issue discount deductions for reacquisitions of debt instruments between December 31, 2008, and January 1, 2011.

Source: Federal Register — Department of the TreasuryOpen original release →