REG-142561-07

Proposed regulations under Section 1502 clarify that the agent for the consolidated group that becomes either a partnership or an entity that is disregarded from its owner for federal income tax purposes remains as the agent for the group. Another change is that in situations where the agent for the...

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Bibliographic Details
Published inUnited States. Internal Revenue Bulletin no. 2012-25; p. 1020
Main Author Miller, Steven T
Format Trade Publication Article
LanguageEnglish
Published Washington Superintendent of Documents 18.06.2012
Subjects
Collections
Consolidated groups
Corporate income tax
Income taxes
Internal Revenue Code
Liability
Proposals
Public hearings
REG-142561-07
Section 1502
Tax regulations
United States > US
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Summary:Proposed regulations under Section 1502 clarify that the agent for the consolidated group that becomes either a partnership or an entity that is disregarded from its owner for federal income tax purposes remains as the agent for the group. Another change is that in situations where the agent for the group may no longer continue to be the agent for the group, the regulations provide, under most circumstances, that the continuing agent for the group will be automatically determined by a default selection.
ISSN:0020-5761