Finanse publiczne · 10.07.2003

Notarized Statements of Purchase Under Section 1042

This document contains proposed amendments to the temporary regulations relating to notarized statements of purchase under section 1042 of the Internal Revenue Code of 1986. The proposed regulations would affect taxpayers making an election to defer the recognition of gain under section 1042 on the sale of stock to an employee stock ownership plan. The proposed regulations provide guidance on the notarization requirements of the temporary regulations.