VIEWS: 7 PAGES: 6 CATEGORY: Business & Economics POSTED ON: 5/30/2010
Proposed regulations under Section 108 provide guidance on the manner in which an S corporation reduces its tax attributes under section 108(b) for taxable years in which the S corporation has discharge of indebtedness income that is excluded from gross income under Section 108(a). A public hearing is scheduled for December 8, 2008.
(ii) Then, determine the total credit and Notice of Proposed Internal Revenue Building, 1111 payment allowable by multiplying the vol- Rulemaking and Notice of Constitution Avenue, NW, Washington, ume of untaxed liquid used to produce the Public Hearing DC. mixture by the tax credit rate per gallon.
Pages to are hidden for
"REG-102822-08"Please download to view full document