Finance & markets · 08/12/2016Updated: 10/17/2026 · 1 min read
Final Regulations Provide Guidance on Section 987 QBU Income and Loss
The Internal Revenue Service (IRS) has released final regulations under Section 987 of the Internal Revenue Code, outlining the rules for determining taxable income or loss from qualified business units (QBU) subject to Section 987, affecting corporations and individuals who own these units.
Original source language: Federal Register — Department of the TreasuryOpen original release →